Aussie shares end week higher despite late sell-off
The Australian share market has finished the final session of the week with some heavy losses. -AAP Image
Australia's share market has had its best week in nine months, despite a bleak final session as jitters around artificial intelligence disruption hit risk sentiment.
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The S&P/ASX200 fell 125.9 points on Friday, down 1.39 per cent, to 8,917.6, as the broader All Ordinaries lost 143 points, or 1.54 per cent, to 9,138.8.
After nearing an all-time peak on Thursday, the top-200 has sold off sharply as global equities slide due to fears around artificial intelligence disruption and investment.
The disruption came after US freight stocks tanked on news of an AI application - created by a former karaoke machine company - claiming it could scale freight volumes by 400 per cent without extra staff, sparking concerns about potential impacts to other sectors.
The Australian dollar is buying 70.82 US cents, down from 71.24 US cents on Thursday at 5pm.
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