ASX 200 drops on bank selloff as BlueScope jumps on $13.15 bln bid; inflation data next
S&P/ASX 200 fell 0.52% to 8,682.8, marking its weakest session in three weeks as major banks dropped 2%–3% ahead of key inflation data. BlueScope soared 21% after receiving a A$13.15 billion takeover approach from SGH and Steel Dynamics. Miners closed at a record high. Silex Systems plunged about 33%.