SYDNEY, AAP – Investors had broad-based losses to end the week on the ASX as the market slumped for a fourth consecutive week.
The market on Friday closed two per cent lower after similar trading activity on Wall Street.
Financials, consumer discretionaries and property shares had the steepest falls on the ASX.
Travel was one of few industry groups to prosper. The federal government said Australians can travel overseas once an 80 per cent vaccination rate is reached.
Helloworld Travel was up more than five per cent. Webjet rose more than two per cent.
The benchmark S&P/ASX200 index closed lower by 146.7 points, or 2.0 per cent, to 7185.5.
The All Ordinaries closed down 143.1 points, or 1.88 per cent, to 7486.6.
The Australian dollar was buying 72.26 US cents at 1200 AEST, higher from 72.09 US cents at Thursday’s close.