Sydney - A big fall on Wall Street saw Australian stocks droop Thursday.

The ASX 200 gave up 186 points, or 4.2 per cent, to close at 4,149 as investors took their lead from the US market rather than an upbeat assessment of the global economy by Finance Minister Lindsay Tanner.

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Sydney - A big fall on Wall Street saw Australian stocks droop on the opening bell Thursday.

The ASX 200 gave up 171 points, almost 4 per cent, to 4,165 as investors took their lead from the US market rather than an upbeat assessment by Finance Minister Lindsay Tanner.

New York - Wall Street delivered its worst-ever post- election session Wednesday as major stock indices lost more than 5 per cent, one day after the US market's biggest-ever election day gains.

Tuesday trading saw gains of more than 3 per cent on Wall Street, even as voters were choosing Democrat Barack Obama over Republican John McCain for a four-year presidential term starting in January.