A sell-off in the major banks pushed the sharemarket lower on Monday despite signs emerging that the US and China are inching closer to a trade deal.
The S&P/ASX 200 Index was down 0.3 per cent, or by 27.3 points to 8210.7 points in the first ten minutes of trade. The All Ordinaries edged 21.3 points lower. Three of 11 sectors opened lower with banks and energy firmly in the red. Westpac dropped 2.2 per cent.
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