ASX dives 2.2pc in worst session since Russia attacked Ukraine

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All 11 sharemarket sector closed lower on Friday, dragging the S&P/ASX 200 to a weekly loss of 3.1 per cent.

P/ASX 200 plunged 2.2 per cent, or 159.1 points, to 7205.6 on Friday, dragging the benchmark’s weekly loss to 3.1 per cent.

The local market endured a broad-based sell-off with all 11 sharemarket sectors falling, led by a 4.5 per cent plunge by technology stocks. Shares in Macquarie dived 7.8 per cent to $186.90 after the group expressed caution on the economic outlook and declined to issue guidance, despite aAll four major banks closed the session lower, weighing on the broader market; Westpac fell 0.8 per cent to $22.83, Commonwealth Bank dropped 1.3 per cent to $102.40, National Australia Bank tumbled 2 per cent to $31.62 and ANZ declined 0.6 per cent to $26.76.

 

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