Thanks afternoon crew.
End-of-day wrap:
The share market fell for a second day following a sharp sell-off on Wall Street and a dive in the dollar to its weakest level in two months.
The ASX 200 sagged 43 points or 0.58% to 7312. The fall extended the index's two-day loss to almost 140 points or 1.9%.
Tech and mining stocks spearheaded a retreat that lowered all sectors expect telecommunications. Of the top 20 companies by market cap, only Telstra, QBE, Coles and Aristocrat Leisure resisted the downtrend.
US stocks slumped overnight after ratings agency Fitch stripped the US government of its prized AAA credit rating. The S&P 500 dropped 1.38%, its biggest loss since April. US futures were flat at the Australian close.
The Australian dollar continued its slide since the Reserve Bank left the cash rate target on hold, trading this afternoon at 65.37 US cents.
