The benchmark S&P/ASX200 (^AXJO) finished 0.53 per cent lower to 6,001.60 points, after trading down all day on resurgence in virus infections both locally and overseas.
The broader All Ordinaries index (^AORD) also finished 0.53 per cent lower to 6,112.30 points.
What happened this morning?
The benchmark S&P/ASX200 (^AXJO) has opened 0.22 per cent lower to 6,019.70 points at 10:15 AEST, after US shares posted mixed results over the weekend.
The broader All Ordinaries index (^AORD) also opened 0.21 per cent down to 6,132.1 points at 10:15 AEST.
Shares in energy companies and the financial sector were trading lower, while tech shares posted gains.
All four major banks were trading more than 1 per cent lower, while mining shares were trading 0.5 to 2 per cent higher.
This week, investors will be awaiting the Reserve Bank’s minutes from its July meeting on Tuesday and the federal government’s economic and fiscal update on Thursday.
Investors will also be watching Australia’s Covid-19 cases, as Sydney records 18 new virus infections - including a diner at Chippendale’s Holy Duck! restaurant.
One Australian dollar was buying 70 US cents at 10:05 AEST, up from 69.86 US cents at the close of trade on Friday.
What happened over the weekend?
More fiscal stimulus but further business restrictions due to a rise in Covid-19 cases led to mixed results on the US stock market over the weekend.
The Dow Jones Industrial Average fell 0.23 per cent to end at 26,672.36 points, while the S&P 500 gained 0.29 per cent to 3,224.75 and the Nasdaq Composite climbed 0.28 per cent to 10,503.19.
This week, US investors will be awaiting second-quarter earnings from Microsoft, Tesla, Intel and Verizon Communications.
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