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AAP
AAP
Business
Rachel Jackson

Australian shares fall as volatility tipped to continue

United States Australia Tesla Inc.
The Australian sharemarket lost one per cent for the week, its worst weekly performance since April. (Joel Carrett/AAP PHOTOS)

The Australian bourse has lost ground despite tech industries spurring the US market to modest overnight gains.

The benchmark S&P/ASX200 index on Friday dropped 42.5 points, or 0.49 per cent, to 8,666.9, while the broader All Ordinaries was down 45.1 points, or 0.5 per cent, to 8,934.3.

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