The local market is slipping on the final session of the week.
In early trade, the ASX 200 dropped 1% to 5,308.20.
Wall Street was weaker overnight with the banks sold down.
On the local market, the major banks and all the big miners led the falls.
Westpac dropped below $30 a share and was trading at $29.865, down 1.5%.
BHP had lost 3.8% to $18.86.
LNG, which doubled in value over the last week on rumours of a takeover, dropped 18% to $0.88.
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