Australia’s share market closed at its lowest level since the first week of October after investors felt the fallout a plunge on US markets.
The S&P/ASX200 benchmark index ended down 97.4 points, or 1.61 per cent, to 5960.3 on Thursday.
The index dropped early but reached its lowest position shortly before 1500 AEDT of 5940.0, its lowest level since the first week of this month.
The All Ordinaries finished down 93.8 points, or 1.5 per cent, to 6168.
Energy was the sector hardest hit, down 2.93 per cent, while information technology lost 2.02 per cent.
Wall Street’s big slide came as coronavirus cases soared globally and investors worried about the possibility of a contested US presidential election next week.
The Aussie dollar was buying 70.62 US cents at 1621 AEDT, lower from 71.44 US cents at the close of trade on Wednesday.