Aussie share market finished the week in red, declining on the back of US recession worries. The ongoing heavy falls in the market on Friday marked the 10th straight day off losses, believed to be a record.
The benchmark S&P/ASX 200 Index lost48.8 points to 5747.30 .
The broader All Ordinaries Index fell 57.6 points to 5799.40.
Mining stocks tumbled due to lower price of industrial metals on the London Metals Exchange and concerns about global economic growth. Nickel Futures lost 1.1%, lead fell 3% and aluminium also declined 1.2%. Zinc and copper both closed higher – 0.2% and 1.5% respectively.
BHP Billiton dropped $1.70 to $34.80, and Rio Tinto lost $5.40 to $124.00.
