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AAP
AAP
Business
Derek Rose

Aust stocks end worst week of the year with rebound

The local share market has staged a remarkable turnaround after dropping below the 7,000 level. (Dan Himbrechts/AAP PHOTOS)

The local share market has staged a remarkable recovery, bouncing off a low hit six months ago in early trading and rebounding in the afternoon to finish the day flat.

After dropping 1.5 per cent in the first 10 minutes of trading, the benchmark S&P/ASX200 index steadily clawed back its losses to finish Friday up 3.6 points or 0.05 per cent, at 7,068.8. The broader All Ordinaries closed up 3.4 points, or 0.05 per cent, to 7,270.

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