The local bourse has sunk to a two-week low as investors react to a sell-off in US technology stocks following disappointing earnings, with all three main Wall Street indexes finishing lower.
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The S&P/ASX 200 index slid 102.5 points, or 1.3 per cent, to 7,861.2 on Thursday's close, with the broader All Ordinaries down 111.2 points, or 1.4 per cent, to 8,094.3.
The Australian dollar was buying 65.46 US cents, down from 65.92 US cents at Wednesday's ASX close.