The ASX 200 tumbled 3.03% last week, with the financial sector taking a 7.49% dive and communications shares lifting 1.62%.

Wall Street’s major averages were mixed on Friday, as markets looked to regain momentum after Thursday’s sell-off, which was partly sparked by consumer giant Walmart’s disappointing outlook.  U.S.

Instead, the “Oracle of Omaha” has become a “committed” and “long-term” investor in a handful of Japanese companies.