Summary

• After a sharp 1.7 per cent rise at the open, the ASX 200 has dropped below the 6000 point mark
• Energy stocks are weighing on the index as the outlook for oil prices softens. The materials sector is also underperforming on flat iron ore prices
• Afterpay set a fresh record intraday high of $53.15 before easing back. Qantas shares are up 7.3 per cent on news the airline will resume 40pc of domestic flights by the end of July
• The ASX is outperforming Asian markets at 1.30pm AEST. US futures hint at losses on Wall Street tonight