ASX 200 ends week down; Latitude cyber attack wipes profit, Mike Cannon-Brookes buys Sun Cable
The bourse however closed Friday higher. Mike Cannon-Brookes buys Sun Cable. Latitude cyber attack wipes profit. Humm hit with BNPL ban. WiseTech hits record high.
Welcome to the Trading Day blog for Friday, May 26. The Australian sharemarket ended a two-week losing streak to record its biggest weekly drop since March as uncertainty about the US debt ceiling and interest rates weighed along with worries about the Chinese recovery.
The S&P/ASX 200 firmed 0.2 per cent, or 13.24 points, to 7154.80. For the week, the index lost 1.7 per cent.
Wall Street was mixed as the S&P 500 rose 0.9 per cent, the Nasdaq jumped 1.7 per cent and the Dow Jones fell 0.1 per cent.
The dollar was near US65.20c at the close.
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