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AAP

Business

Adrian Black

Australian shares retreat from highs for second time

Donald Trump Elon Musk United States China Tesla Inc.

Eight of 11 sectors have finished lower on the ASX but energy stocks have offered some relief. (Bianca De Marchi/AAP PHOTOS)

The Australian share market has slipped after again approaching its best-ever close, fading ahead of key US economic data and a long weekend in most Australian states.

The S&P/ASX200 traded a tight range on Friday to finish 23.2 points lower, down 0.27 per cent to 8,515.7, as the broader All Ordinaries slipped 26.7 points, or 0.3 per cent, to 8,741.9.

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