SYDNEY, AAP – Shares had their biggest loss in more than a week on the Australian market and ensured the five-day stretch was a losing one.

Technology shares crashed by almost four per cent on Friday and almost all categories were lower after similar moves on Wall Street.

The benchmark S&P/ASX200 index closed down 80.5 points, or 1.08 per cent, to 7393.9 points.

The All Ordinaries index closed lower by 80.4 points, or 1.03 per cent, to 7717.1 points.

For the week, the market lost 0.8 per cent.


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The Australian dollar was buying 72.79 US cents at 1616 AEDT, lower from 72.87 US cents at Thursday’s close.