End-of-day summary:
The share market finished modestly higher for the week despite a second day of falls after a retrace on Wall Street broadened overnight.
The ASX 200 slumped 65 points or 0.81% this afternoon. Miners, property trusts and utilities led a retreat that lowered all sectors except telecommunications.
Mining heavyweight BHP dived 2.11% to a 14-month low as iron ore sank for a fourth day. Rio Tinto fell 1.91% to its weakest level since October. Fortescue also declined.
Today's setback left the ASX 200 just 13 points above where it started the week. The index closed at a record on Wednesday but has since retreated 86 points or more than 1%.
US stocks continued to lose altitude overnight. The S&P 500 dropped 0.78%.
