SYDNEY, AAP – Wide-ranging losses on the ASX have given investors their second week of declines in the past three.

The market closed almost one per cent lower on Friday after US indices pulled back from closing highs.

ASX technology shares had the steepest decline, 2.84 per cent.

The benchmark S&P/ASX200 index closed down 68.1 points, or 0.93 per cent, to 7273.3.

The All Ordinaries closed lower by 69.6 points, or 0.91 per cent, to 7545.3.

For the week, the ASX200 lost 0.48 per cent.

The Australian dollar was buying 74.25 US cents at 1620 AEST, lower from 75.51 US cents at Thursday’s close.