(Updates to close) Jan 20 (Reuters) - Australian shares ended...

(Updates to close)

Jan 20 (Reuters) - Australian shares ended lower on Friday, mirroring Wall Street, with financials and materials draging the index as investors turned cautious ahead of Donald Trump's inauguration as president.

The S&P/ASX 200 index (xjo) ended 0.7 percent or 37.38 points lower to end the session at 5,654.80. It closed 0.2 percent higher on Thursday after CSL Ltd (CSL) hit a 15-year high on its profit upgrade.

The index fell 1.2 percent this week, extending losses into a second week.

Financials .AXFJ ended the week 2.8 percent lower, posting a third losing week in the past four weeks of trade.

All of the "Big Four" banks extended losses into a second week, declining between 2.7 percent and 4.1 percent.

With investors wary before Trump's inauguration, safe-haven buying pushed up gold prices which remain on track for their fourth weekly gain in a row.

Miners .AXMM dropped as much as 1.8 percent in the day to their biggest intraday percentage loss since December 16, 2016.

Global miners Rio Tinto (RIO) and BHP Billiton Ltd (BHP) shed 1.9 percent and 1.3 percent respectively.

Chinese iron ore futures dropped for a third day on Friday, retreating further from a three-year high, with trade thinning ahead of the Lunar New Year break late next week.[IRONORE/]

China's economy grew a faster-than-expected 6.8 percent in the fourth quarter, boosted by higher government spending and record bank lending.

New Zealand's benchmark S&P/NZX 50 index (nz50) fell 0.2 percent or 13.89 points to finish the session at 7,048.47.

Utilities were the biggest drag on the index with Spark New Zealand Ltd (SPK) and hydro-electric power producer Meridian Energy Ltd (MEL) declining 0.9 percent and 1.1 percent respecively.

Consumer discretionary stocks, on the other hand, gained with Skycity Entertainment Group Ltd (SKC) and Sky Network Television Ltd (SKT) rising 1.6 percent and 1.1 percent respectively.