Market Close 10 Jun 22: ASX 200 sinks to 4 1/2 month low

The Australian sharemarket fell by 1.25% on Friday, briefly sinking to a 4 1/2 month low and having its most significant weekly decline since April 2020. The RBA's larger than expected 50bp rate hike on Tuesday, a key inflation report in the US tonight and a number of districts expected to re-enter lockdowns in Shanghai tonight all weighed on sentiment. 

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