The Australian sharemarket plunged on Friday to finish the week 2.1 per cent lower as traders worry about the ongoing conflict in Ukraine and an escalation of conflict between Israel and Hamas.
The S & P/ASX200 fell 1.2 per cent to 6,900.7 points, while the All Ordinaries also lost 1.2 per cent to sit at 7,089.7 points.
Investors remain concerned about an escalation of conflict in the Middle East. Picture: AFP / Brendan Smialowski Gold miners were among the best performers across the benchmark. Evolution Mining added 2.2 per cent to $3.68 while Northern Star Resources rose 1.3 per cent to $12.13.Material stocks were the worst performers, dropping 1.7 per cent, led by the fall in Liontown shares which lost almost a third of their value across the trading session.
In other company news, shares in financial advice firm Insignia Financial fell 12.8 per cent to $2.04 following the announcement that its chief executive Renato Mota will exit the business in early 2024.
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