Australia's S&P/ASX 200 fell 0.1% to close at 9,264 on Friday, snapping a five-session run of gains as traders took profits after the index reached fresh highs twice this week. Sentiment was also pressured by weaker U.S. stock futures and geopolitical concerns after reports that Iran may move to restrict "hostile" vessels in the Strait of Hormuz. Commercial services, healthcare, technology and financials declined, while non-energy minerals and manufacturing showed resilience. The big four banks fell between 1.0% and 1.6%, with Fortescue down 2.3% and Qantas off 1.1%. Even so, the market posted a second straight weekly gain, rising 3.2%, supported by steady buying and a rebound in Australia's June exports. In China, Australia's top trading partner, exports and imports continued to grow at double-digit rates in July, though both slowed from June. Investors are now focused on next week's Reserve Bank interest rate decision as slowing activity and sticky costs persist despite three hikes this year.