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ABC News
ABC News
Business
business reporter Kate Ainsworth

ASX closes lower after Afterpay owner Block sheds 18pc in Friday trade, Swiss National Bank says Credit Suisse crisis 'put to a halt'

The ASX closed lower on Friday after Afterpay owner Block Inc dropped 18 per cent in the wake of a scathing report by short-seller Hindenburg that alleged the company "misled" investors. 

It followed the Bank of England lifting interest rates by 0.25 percentage points overnight, while Wall Street finished higher after Treasury secretary Janet Yellen reaffirmed that steps would be taken to prevent contagion.

Look back at the day's financial news and insights from our specialist business reporters on our live blog.

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