The market finished the week at 5,749.30, down 43.20 from the previous week's close of 5,792.50. On Friday's trade the All Ordinaries finished down 86.40 points or 1.49 per cent.
On Monday, energy and materials stocks suffered heavy losses after iron ore prices fell four per cent and oil has now plummeted more than 25 per cent in the past month-and-a-half.
Around three quarters to 80 per cent of the market's losses on Monday were just from those two sectors.
The market will continue to be exposed to volatility until the US and China leaders meet at the G20 summit in Argentina later in the week.
Investors are now eagerly awaiting positive dialogue to ease trade tensions.
Market giants BHP and Rio Tinto both fell further throughout the day, down 3.6 per cent to $30.43 and 3.6 per cent to $74.05 respectively.
At the same time BlueScope and Fortescue lost 5.8 and four per cent.
On Tuesday, furniture retailer Harvey Norman (HVN) closed three per cent higher following a solid sales update at its Annual General Meeting (AGM).
Although Australian franchisee sales fell 1.3 per cent between July 1 and November 23 compared to the prior year, total aggregated sales lifted 2.7 per cent to $2.88 billion for the period.
Of note, HVN shareholders voted against executive pay via the remuneration report.
On Wednesday, Collins Foods (CKF) rose by 5.6 per cent after the KFC store operator handed down a 69 per cent lift in 1H profit to $21.5m.
It also flagged eight new stores by the end of 2019.
Ooh!Media (OML) gained 6.7 per cent on reports suggesting Brisbane City Council has announced a 10-year street furniture contract with Ads hel (a recent OML acquisition).
On Thursday, Afterpay Touch (APT) jumped by 8.7 per cent.
While ASIC recently recommended tighter regulation for buy-now-pay-later companies, it stopped short of suggesting compliance with the National Credit Act.
Aristocrat Leisure (ALL) fell by 2.6 per cent.
This was despite the company handing down a near 10 per cent lift in annual profit to $542m and record earnings in Australia.
At the close of weekly trading, the gold price finished at $1,229.50 per ounce, the WTI oil price traded at $51.41 a barrel, and the Australian dollar was worth US $0.7314.