The Australian share market has suffered its longest weekly shedding streak since 2008’s international monetary disaster, in addition to its largest weekly drop in almost six months, however has a minimum of managed to claw again a little bit of these losses.
The benchmark S&P/ASX200 index completed near the highs of the day on Friday, up 29.Three factors, or 0.42 per cent, to six,994.8.
The broader All Ordinaries gained 35.6 factors, or 0.5 per cent, to 7,188.3.
The ASX200 was down 2.6 per cent since final Friday’s shut, its worst weekly loss because the week ending September 23.
The week was additionally its sixth consecutive week of losses, its longest weekly shedding streak since a nine-week stretch in mid-2008 throughout the GFC.
The Australian greenback was at near a 10-day excessive towards its US counterpart, shopping for 67.14 US cents, from 66.38 US cents at Thursday’s ASX shut.
-AAP
