The Australian shares wiped out their previous day’s gains as the market braced for a volatile session on Wall Street after failing to be inspired by a strong set of local jobs figures.

The S&P/ASX200 benchmark index closed down 72.9 points, or 1.2 per cent, to 5883.2 points on Thursday.

The All Ordinaries index finished 77.7 points lower, or 1.3 per cent, at 6069.2.

The Aussie dollar was buying 72.65 US cents at 1613 AEST, down from 73.16 US cents at the close on Wednesday.