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ASX 200 finishes at 2-month lows as financials lead losses

Published 24/03/2023, 03:59 pm
Updated 24/03/2023, 04:01 pm
© Reuters

By Oliver Gray

Investing.com - The S&P/ASX 200 fell 14.7 points or 0.2% to 6953.9 during Friday's trade, finishing 0.6% lower and posting the 6th consecutive week of decline as risk sentiment soured amid rising interest rates and failing banks in the U.S. and Europe.

Among stocks, financials fell 1.2% overall, with Macquarie Group Ltd (ASX:MQG) down 0.6%, ANZ Group Holdings Ltd (ASX:ANZ) falling 0.9%, National Australia Bank Ltd (ASX:NAB) down 1.9%, Westpac Banking Corp (ASX:WBC) falling 0.6% and Commonwealth Bank Of Australia (ASX:CBA) down 1.5%.

Energy was down 0.4% collectively as Woodside Energy Ltd (ASX:WDS) lost 0.2%, Santos Ltd (ASX:STO) fell 0.7% and Beach Energy Ltd (ASX:BPT) fell 0.8%.

On the bond markets, Australia 10-Year rates were at 3.224%.

In New Zealand, the NZX 50 dipped 0.1% to 11,580.8.

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