Australia’s share market has suffered its worst loss in history as the coronavirus epidemic worsens.

The benchmark S&P/ASX200 finished down 537.3 points, or 9.7 per cent, to 5,002 despite the US Federal Reserve cutting interest rates to near zero in an emergency stimulus measure.

The broader All Ordinaries index sank 532.5 points, or 9.52 per cent, to 5,058.

The Aussie dollar was buying 61.69 US, down from 62.98 US cents as the market closed on Friday.