Jittery ASX slides; AMP up 9% on takeover detail; SEEK hits back

Summary

• The ASX200 endured a shaky start, see-sawing between losses and gains amid volatile global sentiment. The market was 0.3% down after about an hour
• On Friday the Nasdaq fell 2.5%, Dow Jones dropped 0.6%, and the S&P 500 dropped 1.2%
• Westpac has reported a 62% fall in cash earnings for the year and will pay shareholders a sharply reduced dividend of 31 cents. The bank's share opened 1% higher before dipping into the red
• American investment firm Ares has offered to buy 100% of AMP's shares for $1.85 per share - a $6.4b deal that far surpasses analyst predictions. Shares in AMP were up 9%