By Oliver Gray
Investing.com - The S&P/ASX 200 fell 172.9 points or 2.4% to 7,138.2 during Friday's trading session, falling for the fifth consecutive week and finishing at multi-month lows, tracking a negative session on Wall Street overnight after SVB Financial Group (NASDAQ:SIVB) crashed over 60%.
Among stocks, Energy led declines with Santos Ltd (ASX:STO) down 2.7%, Woodside Energy Ltd (ASX:WDS) falling 3.5%, Beach Energy Ltd (ASX:BPT) down 2.1% and Viva Energy Group Ltd (ASX:VEA) falling 2.7%.
Materials fell 3.1% as Rio Tinto Ltd (ASX:RIO) dipped 3.3%, BHP Group Ltd (ASX:BHP) dropped 3.4%, Fortescue Metals Group Ltd (ASX:FMG) lost 2.7% and Champion Iron Ltd (ASX:CIA) fell 5.1%.
Financials lost 2.8% as Macquarie Group Ltd (ASX:MQG) lost 3.2%, Commonwealth Bank Of Australia (ASX:CBA) shed 3.3%, ANZ Group Holdings Ltd (ASX:ANZ) dipped 2.6% and Westpac Banking Corp (ASX:WBC) lost 2.6%.
Information Technology shed 2.2% with Block Inc (ASX:SQ2) down 6.3%, Brainchip Holdings Ltd (ASX:BRN) falling 2.8% and Novonix Ltd (ASX:NVX) down 3.6%.
On the bond markets, Australia 10-Year rates were at 3.589%.
In New Zealand, the NZX 50 fell 0.8% to 11,727.