Middle East war wipes $120b from local share market

The Australian share market posted its worst trading week in almost a year. (Dean Lewins/AAP PHOTOS)

The Trump administration's efforts to topple the Iranian regime have liberated local investors from their money, wiping more than $120 billion from Australia's bourse in a week.

The S&P/ASX200 fell 89.3 points on Friday, down one per cent, to 8,851, as the broader All Ordinaries lost 79.8 points, or 0.87 per cent, to 9,085.1.