Aussie shares drop from peak but finish week higher

The Australian share market has finished lower, giving back most of the previous day's gains that had pushed it to a record high.

The benchmark S&P/ASX200 index on Friday finished down 72.7 points, or 0.87 per cent, to 8,283.2, while the broader All Ordinaries dropped 72.9 points, or 0.85 per cent, to 8,551.2.

For the week, the ASX200 still rose 0.84 per cent - its second straight week of gains.

The Australian dollar was buying 67.03 US cents, from 66.90 US cents at Thursday's ASX close.