The Aussie market rounded out the week on a negative note, weighed down by a disappointing offshore lead and concerns over runaway inflation in China.

The mining giants were both weaker with BHP giving up 2.1% and Rio Tinto losing 1.5%.

Virgin Blue had another stellar day (+6.2%) on the back Qantas' industrial action woes.

All of the big four banks ended lower; Westpac slipped 0.6% and ANZ backtracked 0.5%.

The ASX 200 fell 39 points (-0.9%), closing at 4206. Today's loss pared the market's weekly advance to just 1%.

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