SYDNEY, AAP – Shares have had their biggest fall on the Australian market since February and every industry category dropped.
The drop of 1.9 per cent followed Wall Street worries overnight that the US economy is slowing due to the coronavirus spread.
Information technology shares fared worst on the ASX and dropped by more than three per cent.
The benchmark S&P/ASX200 index on Thursday closed lower by 142.5 points, or 1.9 per cent, to 7369.5.
The All Ordinaries closed down by 148.6 points, or 1.9 per cent, to 7658.9.
The market also had a fall of 1.9 per cent on May 19.
The Australian dollar was buying 73.60 US cents at 1623 AEST, lower than 73.77 US cents at Wednesday’s close.