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Banks pull ASX lower, retailers advance

Sarah Turner

Australian shares sagged at the start of one of the busiest weeks of the August reporting season, as Bendigo and Adelaide Bank's result spooked bank investors and offset strong gains for retailers.

The S&P/ASX 200 index declined 0.8 per cent, or 49 points, to finish at 6076.40.

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Sarah Turner is the editor of the AFR Weekend Perspective section based in our Sydney newsroom. Email Sarah at s.turner@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/banks-pull-asx-to-a-lower-close-20200817-p55mbv