Australian Shares Suffer Worst Week in Nearly a Year

A visitor to the Australian Securities Exchange (ASX) looks at share prices on a big screen in Sydney on Oct. 11, 2018. Peter Parks/AFP via Getty Images

The local share market has suffered its worst weekly losses in nearly a year, dragged down by fears about China’s economy and rising bond yields in the United States.

The benchmark S&P/ASX200 index finished Friday basically flat, gaining 2.1 points, or 0.03 percent, to 7,148.1, while the broader All Ordinaries rose 1.6 points, or 0.02 percent, to 7,366.0.