By Oliver Gray
Investing.com - The S&P/ASX 200 fell 61.1 points or 0.9% to 6,669.6 after the first hour of Friday’s trade, extending losses of 1% in the previous session as market participants tracked declines among U.S. equities overnight amid a slew of corporate earnings and rising yields.
ASX 200 Futures were pointing 0.7% lower.
Among stocks, Financials led declines, down 1.8% as Macquarie Group Ltd (ASX:MQG) fell 1%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) lost 1.4%, Commonwealth Bank Of Australia (ASX:CBA) dipped 1.9%, National Australia Bank Ltd (ASX:NAB) lost 1.7% and Westpac Banking Corp (ASX:WBC) fell 1.8%.
Industrials retreated 1.2% as Brambles Ltd (ASX:BXB) lost 2.8%, Atlas Arteria (ASX:ALX) fell 1.5% and Reece Ltd (ASX:REH) dipped 0.3%.
Utilities fell 1% as Origin Energy Ltd (ASX:ORG) lost 2.4%, AGL Energy Ltd (ASX:AGL) fell 0.5% and Meridian Energy Ltd (ASX:MEZ) dipped 2.4%.
Real Estate lost 0.9% as Mirvac Group (ASX:MGR) fell 0.5%, Charter Hall Group (ASX:CHC) lost 0.6%, Goodman Group (ASX:GMG) dipped 1.5% and Stockland Corporation Ltd (ASX:SGP) retreated 0.6%.
On the bond markets, Australia 10-Year rates were near fresh 8 year highs of 4.147% while United States 10-Year yields were at 14-year highs of 4.224%.
In New Zealand, the NZX 50 was little changed at 10,832.6.