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Aussie shares end worst week since September

Xinhua, November 13, 2015 Adjust font size:

Australian shares have ended their worst week in two months, weighed heavily by resources stocks as BHP Billiton hits a new 10-year low.

At the 4.15 p.m. (AEDT) official market close, the benchmark S&P/ASX200 index was down 74.4 points, or 1.45 percent, to 5051.3, while the broader All Ordinaries lost 70.4 points, or 1.36 percent, to 5111.8.

Friday's close saw the local market finish its worst week since September, losing 3.14 percent over the five sessions.

The continued rout in global commodities hit Australia's resources sector hard, while the fall out from BHP Billiton's Brazil joint venture continues.

BHP Billiton fell 1.84 percent, but not before hitting its an intraday low of 19.81 Australian dollars, its lowest point in 10 years on the ASX, while rival Rio Tinto fell 1.72 percent and gold miner Newcrest lost 4.05 percent.

Oil Search fell 1.15 percent, Woodside Petroleum lost 1.93 percent while Santos was hammered to be 7.67 percent weaker.

The Commonwealth Bank of Australia lost 2.12 percent, ANZ is down 1.24 percent, Westpac slipped 0.29 percent, while the National Australia Bank fell 1.09 percent.

Woolworths is 1.63 percent lower while Wesfarmers weakened by 3.41 percent.

Qantas slipped 1.63 percent and Telstra was 2.1 percent down. Endit