National Australia Bank and Australian Dollar

BHP Billiton: Wednesday fall takes total losses on the Australian share market so far this year to around $130 billion, according to Australian Broadcasting Corporation. Key pointsASX 200 down 2.33 per cent to 4,877NAB shares down 5.5 per cent, BHP Billiton down 4 per cent Australian dollar falls back to 70.2 US cents The ASX 200 2.33 per cent fall to 4,877 was the benchmark index worst day since September last year. Related Story: US stocks resume sell-off as oil price slumps Map: Australia Australian shares have posted their biggest fall so far this year, with more than $34 billion wiped off the market value. The broader All Ordinaries also dropped 113 points to plunge back below 5,000, and close at 4,931 at 5:00pm . National Australia Bank was a huge drag on the market, losing more than 5.5 per cent on details around the spin-off of its troubled UK operations. NAB closed at $26.36, a three-year low. The quarter of what is now called CYBG that is being floated has been priced at 180 British pence, at the low end of market expectations. (news.financializer.com). As reported in the news.