ASX 200 ends week lower; New Hope sets fresh high, Magellan slumps to fresh low

ASX falls for a second straight week as bond yields weigh. ANZ flags $113m 2H charges, New Hope sets record high, Magellan slumps to new low and Cleanway gets strike.

Global economic and political developments and corporate updates are keeping equity investors busy. Picture: Gaye Gerard

Welcome to the Trading Day blog for Friday, October 21. The Australian sharemarket fell for a second consecutive week as the index slid on broad gains as rising bond yields hit real estate stocks.

The S&P/ASX 200 index closed 0.8 per cent lower to 6676.80 with energy the sole sector to climb. For the week, the index lost 1.2 per cent.

The dollar drifted lower to US62.58c at the local close, but was on track to end the week higher.