ASX 200 finishes the week down 38 points to 6977 (-0.6%). Quiet trade ahead of the weekend. Broad-based losses across most sectors, except iron ore and gold. Banks eased back with yields pushing higher, CBA down 0.8%, and NAB suffering from some downgrades falling 1.7%. The Big Bank Basket slipped to $176.11 (-1.1%). MQG eased 0.4%, and SUN down 1.6%. REITs mixed GMG, holding up with a 0.1% gain. Industrials eased, but no real damage, tech mixed, XRO continuing to fall on downgrades down 0.5% with WTC up 0.5%. The All-Tech Index down 0.9%. Iron ore stocks still holding very firm, our own magnificent three, BHP up 0.7% and FMG up 1.3%. Lithium stocks depressed again, PLS down another 5.9%, with MIN falling 2.6%. Gold miners also down and dirty, NEM continuing to fall, down 0.5%. NST slipped 1.9%. Oil and gas stocks down WDS off 2.2%, and coal eased. In corporate news, NWS fell % after 1Q results, REA off % after similar results. MIN fell 2.6% after it pounced on some of PNR’s assets, AVH rose 16.7% on quarterly report. In economic news, SOMP today from RBA, inflation adjustments. In Asian markets, Japan down 0.1%, China down 0.5%, and HK off 1.6%. 10-year yields 4.63%.

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