ASX falls 5pct in worst day in five weeks

The Australian share market has suffered its worst day in five weeks as traders continue to sell any rallies.

The S&P/ASX200 benchmark index finished Friday down 276.5 points, or 5.01 per cent, at 5,245.9 points, while the All Ordinaries index closed down 272.7 points, or 4.87 per cent, at 5,325 points.

One Australian dollar was buying 64.60 US cents, down from 65.43 US cents at Thursday’s close.