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ASX 200 live: Rinehart, Thodey weigh in on Canberra outcome; Westpac profit dips; OPEC+ call smashes oil

Top businesswoman says Liberal Party should embraced more Trump-style policies, while businessman David Thodey laments Canberra's lack of 'vision and an industry strategy for Australia' in more than 20 years.

Australia's richest woman Gina Rinehart has shared her thoughts on why the Liberals lost.
Australia's richest woman Gina Rinehart has shared her thoughts on why the Liberals lost.

Welcome to the Trading Day blog for Monday, April 5. The ASX 200 index is 0.9 per cent lower to 8165.50 points at 3pm AEST due to bank and energy sector losses.

On Friday, Wall Street closed higher on optimism about positive signals around trade talks between China and the US. The S&P 500 and Nasdaq indexes rose 1.5 per cent, respectively, and the Dow Jones index gained 1.4 per cent.

Cryptocurrency giant bitcoin is below $US95,000.

The Aussie dollar is trading around US64.67c.

Originally published as ASX 200 live: Rinehart, Thodey weigh in on Canberra outcome; Westpac profit dips; OPEC+ call smashes oil

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