Australia stocks lower; S&P/ASX 200 down 1.13%

Key facts

• Australian stocks closed lower on Friday.
• The S&P/ASX 200 index decreased by 1.13%.

Australian stocks concluded the trading session on Friday with a decline. The benchmark S&P/ASX 200 index registered a loss of 1.13%. This movement occurred as investors continued to assess prevailing economic conditions, contributing to a broader downward trend in the market.