Lunch Report: Broad Losses Add Further Pressure To Local Shares

The Aussie market is adding to yesterday’s losses with the ASX 200 weighed down by another broad based loss. The major banks remain a drag with Westpac (WBC) falling another 2.5%, to 9 month lows but smaller losses for the other big four banks. Losses are across every sector as reports suggest a phase one trade deal could be pushed back to 2020.