The Australian market was hit by a wave of selling from the US for the second session in a row.
The heavy stocks — the banks and the big miners — which have top weighting on the market indexes were the major drag on the market.
But the sea of red extended across all sectors, with small and large market cap companies both hit hard.
At the close, here are some of the local ASX shares taking a hit:
Retailer Speciality Fashion down 11.6% to $$0.195
Macquarie Group 5.3% to $$97.88
Westpac 3.1% to $30.33
Fund manager Magellan 6.3% to $25.21
Fund manager Platinum Asset 6.1% to $7.78
Pet care group Greencross 5.2% to $$6.02
Logistics software maker Wisetech 10.7% to $$13.89
Energy group Santos 4.4% to $$4.95
Natural gas producer LNG 8.9% to $$0.46
Travel agent Flight Centre 4.4% to $$49.64
At one stage, pure play online retailer Kogan.com was down 10% but then recovered some ground. It closed at $6.55, down 7%.
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