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The Australian share market has opened over one per cent lower today as Wall Street sentiment continues to be negative towards the US economy bailout package.
The benchmark S&P/ASX200 was down 63.7 points, or 1.36 per cent, to 4,631.7, while the broader All Ordinaries had fallen 62.5 points points, or 1.33 per cent, to 4,640.3.
On the Sydney Futures Exchange, the December share price index futures contract lost 88 points to 4,667, on volume of 4,928 contracts.
Trading activity is likely to be thin today due to the Labour Day holiday in NSW, South Australia and the ACT, although financial markets are open.
Mining giant BHP Billiton lost 41 cents to A$30.01, while rival Rio Tinto declined A$3.08, or 3.46 per cent, to A$85.83.
- AAP
