Market closes at four-year low

THE Australian share market has closed 3.5 per cent down at fresh four-year lows, wiping $34 billion from the value of the market following a weaker performance on Wall Street overnight.At close, the benchmark S&P/ASX200 index was 129.8 points, or 3.55 per cent lower at 3523.2, while the All Ordinaries lost 126.4 points, or 3.47 per cent to 3513.1, led down by resource and banking stocks

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