As it happened: ASX snaps seven day winning streak with 3pc drop

Summary

• The ASX 200 lost 3 per cent in Thursday's session, hitting 5,960 at 4:15pm. 
• The big four banks were hit hard, with losses of more than 6 per cent for Westpac and ANZ. 
• The session breaks the local market's 7 day winning streak and drags the ASX200 back below the 6000 mark.