End-of-day summary:
The share market started a new week on the back foot, joining Wall Street in reducing risk ahead of interest rate decisions this week in the US, Japan and the UK.
The ASX 200 unwound roughly a third of last week's gains with a fall of 49 points or 0.67%.
While today's rout was broad enough to lower all sectors, tech was the biggest victim of Friday's US falls. The I.T. sector dropped 2.7% after the Nasdaq gave up 1.56%.
US equity futures mounted a modest recovery this afternoon. S&P 500 futures firmed 0.16% by the Australian market close.
On Friday, the S&P 500 shed 1.22% amid questions about Wednesday's Federal Reserve rates decision. While a pause is seen as a near-certainty, traders fear any hint that rates will stay elevated for some time could trigger selling among investors betting on cuts next year.
