Half-time wrap:
The Australian share market shed almost 1% as falling commodity prices and rising bond yields outweighed fresh highs on Wall Street.
Miners and property trusts led a retreat from record highs. The ASX 200 dropped 72 points or 0.95% by the halfway mark of the session.
Declines in gold, iron ore and most industrial metals helped pull the gold mining index down 4.1% and materials 2.2%. The rate-sensitive REIT sector shed 1.1% after unexpectedly strong US employment figures caused markets to push back the likely start of the rate-cutting cycle.
The S&P 500 rallied 1.07% on Friday as strong trading updates from Meta Platforms and Amazon helped distract from the jobs news.
