As it happened: ASX stumbles home, narrowly avoids fifth weekly loss

Summary

• The ASX 200 rose by as much as 0.7% at Friday's open but soon gave up its lead and closed 0.3% lower at 5864.5
• The local miners bounced back from heavy losses on Thursday. Local tech stocks were led higher by Afterpay
• Qantas boss Alan Joyce's pay fell to $1.7m in FY20 from $9.9m a year earlier after he accepted a salary cut and missed out on bonuses amid the airline's COVID-19 shutdown
• The ASX 200 lagged major Asian markets, which mostly moved higher. US futures were flat at 4pm AEST