(Updates to close)
SYDNEY, Nov 9 (Reuters) - Australian shares slumped to a one-month low on Monday, falling the most since Oct. 2 as investors fretted about tumbling commodity prices and the risk of a U.S. rate hike in December.
The S&P/ASX 200 index .AXJO skidded 1.8 percent, or 95.5 points, to 5,119.5 at the close of trade. It rose 0.4 percent on Friday.
The market has fallen in seven out of the last 10 sessions, led by a rout in banking stocks on concerns of slowing profit growth. It is down 5 percent so far this year.
New Zealand's benchmark NZX 50 index .NZ50 dipped 0.4 percent or 21.9 points to finish the session at 6,047.9.