The miners and the banks led the Australian market down in early trade, on the back of a lower Wall Street and fears over Greece’s debts.
Nine out of 10 sectors lost value.
Westpac was weaker by 1.76% to $32.97, the ANZ 1.75% to $32.61, the NAB 1.72% to $33.73 and the Commonwealth 1.35% to $83.94.
Among the miners, BHP was down more than 2% to $28.98 and Rio Tinto 1.67% to $57.23.
Wall St closed Friday with the S&P 500 down 0.6%.
The ASX 200 was down 1.63%.