Australian stocks fell on Monday despite a strong rise on Wall Street.
In the US, the S&P500 closed 1.5% higher and the Dow Jones was up 1.4% on Friday.
At the close, ASX200 was at 5,820.70, down 17.30 points or 0.30%.
The banks led the slide with the NAB down 0.8% to $28.68.
Shares in consumer electronic retailer JB Hi-Fi dropped 8% to $$25.86 despite posting record half year sales.
Other retailers were also under pressure. Myer was down almost 6% to $0.55 and Harvey Norman 3.6% to $4.25.
Last week the ASX200 fell 4.6% after being battered by selling from Wall Street.