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AAP
AAP
Business
Derek Rose

Australian shares plunge as fears rise over US outlook

Every sector of the Australian share market finished lower on Wednesday. (Joel Carrett/AAP PHOTOS)

The Australian share market has plunged on renewed concerns about the health of the world's largest economy.  

The benchmark S&P/ASX200 index on Wednesday finished down 152.7 points, or 1.88 per cent, to a nearly three-week low of 7,950.5, while the broader All Ordinaries dropped 165.7 points, or 1.99 per cent, to 8,157.0.

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