ASX down 0.8% as financial sector drags

Summary

• JB Hi-Fi's FY profit is up 21% to $302.3m and the firm has raised its final dividend by a third
• Japan reports worst GDP result for 40 years with 27.8% annual decline
• BlueScope Steel FY profit fell 91% to $96.5m due to a $197m non-cash write-down of its NZ division and declining steel profitability 
• Bendigo and Adelaide Bank cash earnings declined 27.4% to $301.7. The board has deferred paying a dividend