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AAP
AAP
Business
Derek Rose

Australian shares plunge to lowest level since July

ASX Kyle Rodda Wall Street
Friday was the fourth day of declines in a row for the ASX200 and its third straight week of losses. (Bianca De Marchi/AAP PHOTOS)

The Australian share market has closed at an almost four-month low after suffering its worst day in 10 weeks amid a global pullback in risk assets.

The benchmark S&P/ASX200 index on Friday dropped 118.9 points, or 1.36 per cent, to 8,634.5, while the broader All Ordinaries fell 127.5 points, or 1.41 per cent, to 8,9087.

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