Australian shares have dipped following a record high on the local market and after US markets soured following a rise in coronavirus cases.
The benchmark S&P/ASX200 index of the 200 biggest companies by market capitalisation was down 5.1 points, or 0.07 per cent, at 7157.4 at 1015 AEDT, with most sectors in the red.
The broader All Ordinaries index was down 5.7 points, or 0.08 per cent, at 7249.5.
The dip after 15 minutes of trading on Friday comes after corporate earnings drove the S&P/ASX200 to a closing record high of 7,162.5 on Thursday after an intraday record of 7,197.2.
But the mood in equity markets soured as coronavirus fatalities outside China rose and after company earnings reflected the pandemic’s economic impact, Westpac’s finance markets morning note says.
US and European markets closed lower.
On the local market on Friday, Huon Aquaculture, Ardent Leisure, Mystate, Inghams, Mayne Pharma and Charter Hall are some of the companies reporting their earnings.
The Australian dollar was buying 66.14 US cents, at 1015 AEDT, down from 66.47 US cents on Thursday.
AAP
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