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Australian shares recorded their worst weekly performance this year, with a second straight day of heavy falls on Friday.After very brief early gains, the market has been in a downward drift all day, leaving the broad All Ordinaries index 1.5 per cent lower at 4,964 by the close of trade.The ASX 200 was off 79 points to 4,983, following Thursday's 2 per cent drop.In total, more than $50 billion was wiped off the value of the Australian share market on Thursday and Friday.Tokyo's share market violently yo-yoed on Friday following Thursday's 7 per cent slump - after initially making strong gains, the Nikkei fell deep into the red for much of the afternoon, before a late rally left the Nikkei 0.9 per cent higher.

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