A fall on Wall Street undermined Australian stocks Friday, taking the bellwether index down 2.3 per cent.
The ASX 200 gave up 98 points to finish the session at 4,149.
Westpac currency strategist Robert Rennie said the slowdown in the United States was bearing down on the local market.
"When you look out the windscreen and see what's coming towards you in the US, it really feels as if it could be truly horrible," he told The Sydney Morning Herald.

The Singapore Exchange Limited (SGX) Tuesday said its derivatives and Exchange Traded Funds (ETF) markets set new trading records last year with volume surging to
When the Spirit rover landed on Mars five years ago, no one expected it or its sister rover Opportunity to make it to their first birthdays, let alone their fifth.
The San Antonio Spurs turned up their trademark defense down the stretch to turn back another opponent.
Popular US talk show host Oprah Winfrey, 54, has vowed to battle her recent weight gain, blaming it on "food abuse."
After the Taipei Zoo received two giant pandas from China, another Taiwan zoo said Friday it is seeking to receive a pair of pandas from China.