Australia's sharemarket has notched its best week since October 2022, despite slipping ahead of key US-Iran ceasefire talks and with little sign Iran's Hormuz Strait blockade is easing.
The S&P/ASX200 fell 12.6 points on Friday, down 0.14 per cent, to 8,960.6, as the broader All Ordinaries lost 13.1 points, down 0.14 per cent, to 9,155.8.
Despite the pullback, the top-200 posted a 4.3 per cent gain for the week, buoyed by a fragile US-Iran ceasefire before talks that could reopen the Strait of Hormuz, a choke point for a fifth of global oil and gas shipments.
The Australian dollar is buying 70.71 US cents, up from 70.39 US cents on Thursday at 5pm.
