1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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A widening Middle East conflict pushed oil back above $US100 a barrel, weighing on global investor sentiment
That saw the S&P/ASX200 lose 0.75% to 8772.30 to be down 0.28% for the week and back to where it began the year.
Adding to the negativity were the concerns over AI spending that have spooked Wall Street, which hit the local sector, led by a 4.4% loss in WiseTech.
The resources sector also suffered, most notably among the gold miners which tracked the bullion price lower - Resolute Mining dropping 7%. And BHP was the worst performing mining giant, falling 3%.
Conversely, the energy sector reflected rising crude prices with Woodside finishing 1.8% higher.
A further worry for investors was a 12.5% tariff the Trump Administration slapped on Aussie imports, accusing Australia of inadequately enforcing bans on goods produced by forced labour.
However, Cochlear declined 0.45% despite confirming it will be able to import its products into the US duty-free.
Tonight, Verizon and Amex are among the companies reporting results on Wall Street.
