
Australia's share market has crumbled to its lowest level since June, as concerns about stretched valuations meet a reduced outlook for interest rate cuts.
The benchmark S&P/ASX200 lost 136.2 points on Friday, down 1.59 per cent, to 8,416.5, as the broader All Ordinaries fell 147.7 points, or 1.67 per cent, to 8,686.3.