SYDNEY, AAP – Australia’s share market has closed little changed and was lower for the week, despite US President-elect Joe Biden revealing a $US 1.9 trillion ($2.5 trillion) economic stimulus proposal.
The S&P/ASX200 benchmark index closed higher by 0.1 points, or 0 per cent, to 6715.4 on Friday.
The index lost 0.63 per cent for the week.
The All Ordinaries closed higher by 4.1 points, or 0.06 per cent, at 6986.8.
There was a muted reaction on the ASX to details of the US economic stimulus plan, revealed on Friday.
The plan includes $US415 billion to bolster the nation’s response to the virus and the rollout of COVID-19 vaccines, some $US1 trillion in direct relief to households, and roughly $US440 billion for small businesses and communities hard hit by the pandemic.
The Aussie dollar was buying 77.61 US cents at 1619 AEDT, higher from 77.49 US cents at the close of trade on Thursday.