ASX plunges more than 6 per cent at open

The Australian share market has opened more than 6 per cent lower after a series of large falls on Wall Street on Thursday and Friday, and in the US share market futures this morning.

The benchmark ASX 200 index fell as much as 6.4 per cent in early trade, and was 6 per cent lower at 7,206 points by 10:10am AEST.