Thanks afternoon crew. Have a great long weekend, all. God bless His Majesty for granting us 'umble commoners a day orf from our daily toils. [Tugs forelock, wipes tear from eye.]
End-of-day summary:
A strong week for Australian shares ended with a modest setback as traders exercised caution ahead of a long weekend following a volatile night on Wall Street.
The ASX 200 retested its February record close before rolling over to a loss of 23 points or 0.27%. Today's decline trimmed the index's gain for the week to 81 points or 0.96%.
The market has now risen for seven of the last eight weeks, repairing all of the damage incurred during the US trade-war-panic sell-off.
Gold and lithium miners were amongst the day's heaviest drags. Energy producersand industrials resisted the sell-off.
US stocks fell in choppy trade overnight as news that US-China trade talks were back on was overshadowed by an ugly tiff between President Donald Trump and Tesla CEO Elon Musk. Shares in Tesla tanked more than 14% after Trump threatened to withdraw government support for the electric car-maker. The S&P 500 dropped 0.53%.
