By Oliver Gray
Investing.com - The S&P/ASX 200 lost 63.5 points or 0.9% to 7,346.8 during Friday’s session, finishing at 4 week lows as higher than expected U.S. inflation data sapped risk appetite, with Australia 10-Year yields moving to fresh 6-week highs.
Among stocks, technology led the declines, down 2.3% collectively as Block Inc (ASX:SQ2) lost 7.9%, Appen Ltd (ASX:APX) fell 5.5%, Megaport Ltd (ASX:MP1) dipped 2.5%, Novonix Ltd (ASX:NVX) lost 2.4% and Brainchip Holdings Ltd (ASX:BRN) dipped 2.3%.
Real estate and energy also declined 1.7% and 1.8% respectively, with Mirvac Group (ASX:MGR) down 2.2%, Goodman Group (ASX:GMG) falling 1.7% and Charter Hall Group (ASX:CHC) down 3.7%, while Santos Ltd (ASX:STO) fell 2.3%, Woodside Energy Ltd (ASX:WDS) slipped 1.4% and Beach Energy Ltd (ASX:BPT) lost 2.9%.
On the bond markets, Australia 10-Year rates were at 3.822%, while United States 10-Year yields were at 3.888%.
In New Zealand, the NZX 50 fell 0.1% to 12,144.7.