The RBA’s decision to leave interest rates failed to lift investor sentiment, which was battered from last night’s weaker-than-expected US manufacturing data.
The big banks gave up yesterday’s gains with all four majors shedding more than 2%.
Lower crude prices weighed on the energy sector; Woodside lost 1.7% and Origin declined 1.1%.
BHP and Rio Tinto slid over 1.5% each, unwinding yesterday’s solid gains.
The ASX 200 slumped 64 points (-1.4%), settling at 4434.