ASX ends 0.4pc lower; RBA didn't misread economy, Bullock says; Perpetual-KKR deal hits ATO snag; Myer's challenges on; 480 Mosaic jobs lost; Business confidence dives

Michele Bullock rejects commentary the RBA has misread the weakness in the economy and should have already moved to cut interest rates. ASX fell on tech, banks and property. But miners up on China stimulus hopes. 480 Mosaic jobs to go; Katies to shutter. Business confidence falls. Perpetual hit on ATO ruling on KKR deal.

Busy day for investors with economic and corporate commentary in focus. Picture: John Appleyard

Welcome to the Trading Day blog for Tuesday, December 10. The ASX 200 fell 0.4 per cent to 8,393 points, hurt by losses across technology, banking and property. Mining and energy stocks found support. 

On Wall Street, the S&P 500 index and the technology-focused Nasdaq index closed 0.6 per cent lower as chip giant Nvidia's falls over a China probe weighed and the Dow Jones shed 0.5 per cent.

Bitcoin's see-saw ride continues, now trading below $US97,000.

The Aussie dollar is trading around US64.13c.