The ASX200’s five-day winning streak came to an end, as the market dipped by 0.64% to close at 6,096.70.
The local market was unable to follow another solid global lead, and also under-performed most regional markets in Asia.
Mining and energy stocks weighed on the market, with the ASX200 materials index finishing down 0.96%.
BHP Billiton and Rio Tinto fell by 0.42% and 0.81% respectively, while Fortescue finished 0.38% lower.
Westpac was the only one of the major banks to finish in positive territory, as the ASX200 financials index fell by 0.29%.
Among other notable movers, listed investment company Platinum Asset Management closed 4.42% higher after analysts at Morgan Stanley re-rated the stock.
Platinum competitor Magellan Financial Group also rose strongly, closing up 4.69% while agricultural company Elders rose by 4.16% to $8.76.
The ASX200 consumer discretionary sector dipped by 0.49% ahead of retail sales data tomorrow, with JB Hi-Fi and Kogan.com falling by 2.01% and 3.15% respectively.
Today’s top stories:
1. Honduras earthquake: A 7.6 magnitude earthquake struck off the coast of Honduras this afternoon, with tsunami warnings issued for Honduras and Belize.
2. Housing market trouble: Morgan Stanley’s housing market indicator suggests that more falls are on the horizon for Australia’s cooling housing market.
3. ATO sets sights on crypto traders: The Australian Tax Office has established a task force as part of efforts to ensure gains from cryptocurrency are taxed properly.
4. The most popular game in the world: Here’s a quick guide on how to play League of Legends, the most popular e-sports game in the world.
5. Australian house price growth will slow: But it won’t turn negative, according to a new forecasting model developed by ANZ.
6. A day in the life of Jeff Bezos: Jeff Bezos just became the richest man in history. Here’s what a typical day looks like for the wealthiest person on the planet.
Business Insider Emails & Alerts
Site highlights each day to your inbox.