The S&P/ASX 200 Index (ASX: XJO) fell 314.2 points, or 3.94%, last week to finish at an eight-month low of 7,667.8 points.
The ASX 200's positive trajectory for the week came to an abrupt end on Wednesday after the US revealed its reciprocal tariffs.
Uncertainty over how the reciprocal US tariffs, which go on top of other existing tariffs, would impact ASX shares caused a three-day rout.
Based on closing values, selling pressure pushed the ASX 200 into an official market correction, down 10.38% from its 14 February record.
Only one ASX 200 market sector shone through the sea of red last week.
That was the consumer staples sector, which rose by 2.53%.
It was the only ASX 200 sector to finish in the green last week.
At the opposite end of the scale, the energy sector was trashed, diving 13.16%, while technology lost 8.31%, and materials fell 7.08%.
Let's review what happened last week.
Consumer staples is considered a safe-haven market sector given its reliable earnings in all market conditions.
The ASX 200 supermarket shares survived the rout well.
Over the five trading days, the Woolworths Group Ltd (ASX: WOW) share price lifted 5.19% to close at $31.13 on Friday.
The Coles Group Ltd (ASX: COL) share price rose 7.53% to $21.13, which is a record high.
IGA network owner Metcash Ltd (ASX: MTS) lifted 2.68% to $3.26 per share.
Among the ASX 200 wine shares, Treasury Wine Estates Ltd (ASX: TWE) lost 12.65% to finish the week at a 52-week low of $8.63.
Endeavour Group Ltd (ASX: EDV) shares lifted 2.83% to $4.
A2 Milk Company Ltd (ASX: A2M) shares fell 3.35% to $7.78.
ASX 200 agricultural share Graincorp Ltd (ASX: GNC) fell 3.62% to close at $6.66 on Friday.
The Elders Ltd (ASX: ELD) share price tumbled 8.56% to $6.30.
Bega Cheese Ltd (ASX: BGA) dipped 1.52% to $5.19 per share.
The Australian Agricultural Company Ltd (ASX: AAC) share price dropped 5.41% to $1.40.
Here's how the 11 market sectors stacked up last week, according to CommSec data.
Over the five trading days:
| S&P/ASX 200 market sector | Change last week |
| Consumer Staples (ASX: XSJ) | 2.53% |
| Communication (ASX: XTJ) | (0.56%) |
| Healthcare (ASX: XHJ) | (1.67%) |
| A-REIT (ASX: XPJ) | (2.72%) |
| Financials (ASX: XFJ) | (2.83%) |
| Industrials (ASX: XNJ) | (3.44%) |
| Consumer Discretionary (ASX: XDJ) | (3.79%) |
| Utilities (ASX: XUJ) | (3.99%) |
| Materials (ASX: XMJ) | (7.08%) |
| Information Technology (ASX: XIJ) | (8.31%) |
| Energy (ASX: XEJ) | (13.16%) |
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