ASX 200 Finishes the Week 0.6% Lower

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ASX 200 Finishes the Week 0.6% Lower

By Oliver Gray 

Investing.com - The S&P/ASX 200 dropped 28.2 points or 0.4% to 6539.9 during Friday’s trading session, closing out the week 0.6% lower as falling commodity prices weighed on Energy and Materials companies.

Among stocks, Woodside Energy Ltd (ASX: WDS ) fell 4.4%, Santos Ltd (ASX: STO ) lost 2.8%, Beach Energy Ltd (ASX: BPT ) dipped 1.2% and Viva Energy Group Ltd (ASX: VEA ) declined 1.4% amid weaker crude oil prices.

Materials fell 2.1% as Iron ore and Copper prices dropped. Rio Tinto Ltd (ASX: RIO ) fell 2.3%, BHP Billiton Ltd (ASX: BHP ) lost 2.9%, Fortescue Metals Group Ltd (ASX: FMG ) fell 3% and Champion Iron Ltd (ASX: CIA ) lost 2.4%.

Meantime, Real estate companies lifted 1.5% collectively, with Mirvac Group (ASX: MGR ) up 3.3%, Charter Hall Group (ASX: CHC ) adding 1.9%, Goodman Group (ASX: GMG ) up 2.2%, Stockland Corporation Ltd (ASX: SGP ) up 1.9% and Scentre Group Ltd (ASX: SCG ) adding 1.2%.

Industrials also improved 1.6% as Reece Ltd (ASX: REH ) lifted 1.2%, Transurban Group (ASX: TCL ) gained 0.8%, Brambles Ltd (ASX: BXB ) lifted 3.2% and Atlas Arteria (ASX: ALX ) added 0.5%.

On the bond markets, Australia 10-Year rates were at 3.6% while United States 10-Year yields were at 2.972%.

In New Zealand, the NZX 50 fell 1% to 10,753.2.

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