Australian shares drop as metals prices weigh on miners
The Australian stock market's top 200 has fallen 1.2 per cent since Monday. -AAP Image
Australia's share market has ended the session and the week lower as softening commodity prices and stalled Persian Gulf peace talks dent investor sentiment.Â
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The S&P/ASX200 fell 61 points on Friday, down 0.7 per cent, to 8,625.1, as the broader All Ordinaries also lost 61 points, or 0.68 per cent, to 8,855.9.
The top-200 has lost 1.2 per cent since Monday after easing iron ore and copper prices dragged on the mining sector later in the week and banks continued to struggle with a cautious housing sector outlook.
The Australian dollar is buying 71.20 US cents, down from 71.35 US cents on Thursday at 5pm, the Aussie under pressure from softening risk sentiment and commodity prices.
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