ASX 200 records worst week since June; China lockdown hits miners; AMP loses ACRT control

ASX caps off a bad week with broad losses led by miners and tech. AMP loses control of retail trust, Dexus lowers Collimate offer, Rex bookings surge and A2 Milk extends rally.

Investors are weighing local and global economic updates. Picture: David Swift

Welcome to the Trading Day blog for Friday, September 2. The Australian sharemarket records it worst week since June after Friday's session saw broad losses led by miners and tech.

The S&P/ASX 200 index closed 0.3 per cent, or 16.90 points lower to 6828.70, taking total losses for the week to 3.9 per cent.

Wall Street ended slightly stronger with the S&P 500 index up 0.3 per cent while the Nasdaq index fell 0.3 per cent and the Dow Jones Industrial Average index gained 0.5 per cent.

US 10-year bond yields 3.26 per cent, while two-year yields are 3.52 per cent.

Oil prices are lower with global benchmark Brent crude falling 3.4 per cent to $US92.36 per barrel and the US Nymex down 3.3 per cent to $US86.61 per barrel.

Iron ore futures fell 8.0 per cent to $US96.39 per tonne.

The dollar extended its sell-off to be near US67.86 cents at the close.