Australia’s share market has fallen heavily and the ASX200 has slumped to its lowest close since June, following a US sell-off of tech giants.

The S&P/ASX200 benchmark index closed lower by 129.2 points, or 2.15 per cent, at 5878.6 on Wednesday.

It’s the lowest closing position of the index since June 29, when it finished at 5815.0.

The All Ordinaries index finished down by 131.3 points, or 2.12 per cent, to 6058.9.

The Aussie dollar was buying 72.12 US cents at 1622 AEST, down from 72.97 US cents at the close on Tuesday.