At home the big four weighed on the market; ANZ dropped 1.4% whilst WBC declined 0.6%.
The major miners underperformed the general market; BHP descended 1.4% while rival Rio Tinto depreciated 1.8%.
However OneSteel soared 10.3% after announcing its intention to sell its Piping System business for $67 million to US-based McJunkin Red Man.
Kathmandu was one of the biggest losers on the market, crashing 25.4% after it announced it expects EBITDA for the six months to January 31 to be lower than expected.
Other retails were tarred with the same brush; Myer slumped 6.2% and David Jones fell 3.5%.
The ASX 200 let go of 49 points (-1.2%), settling at 4091.