ASX falls, dragged down by energy stocks and the banks

The Australian sharemarket has opened lower despite Wall Street rallying on expectations that the Federal Reserve will cut interest rates at its policy meeting next week.
The S&P/ASX 200 Index fell 41.3 points, or 0.5 per cent, to 8808.3 as of 10.12am AEST with seven out of 11 sectors in the red, headlined by energy stocks and the big four banks.
The continued slide in energy stocks followed OPEC +'s weekend decision to increase production by 137,000 barrels per day starting in October.
Woodside dipped 0.9 per cent in early trading on Tuesday, following a nearly 3 per cent drop the day before, while Viva came off 1 per cent, Beach Energy 0.8 per cent, and Santos 0.5 per cent.
Meanwhile, index heavyweight Commonwealth Bank dipped 0.8 per cent, while National Australia Bank came off 0.9 per cent, ANZ 0.6 per cent, and Westpac 1.2 per cent.

Sumber : AFR