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AAP
AAP
Business
Adrian Black

Shares hit 11-week low in 'horrendous' day for markets

Dan Himbrechts Artificial Intelligence CommBank Oil
The S&P/ASX200 has dropped to its lowest valuation since early July as global problems hit stocks. (Dan Himbrechts/AAP PHOTOS)

Australia's share market has slumped to 11-week lows as oil prices, interest rates and fading hopes of an artificial intelligence infrastructure boom pummel investor confidence.

The S&P/ASX200 dropped 77.4 points on Tuesday, down 0.88 per cent, to 8,672.5 , as the broader All Ordinaries lost 74.6 points, or 0.84 per cent, to 8,849.3.

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