As it happened: ASX cools off with 0.9% drop below 6800

Summary

• The ASX fell 0.9% to 6765.5 on Thursday, backing away from a near 11-month high. The big miners were mixed and the banks fell. CSL dropped and Afterpay rose.
• Wall Street rose for a third straight session, with Google parent Alphabet jumping after posting strong quarterly results. US futures turned lower after lunch and point to losses tonight
• Energy giant AGL will recognise a $2.69 billion charge in its first-half results, reflecting asset impairments and onerous contracts. Shares in the firm dropped 6% to a more than 12-year low at the open
• Australia’s trade surplus rose in December, though the size of the move fell short of expectations. The surplus printed at $6.8b, up from $5b in November, but below consensus of $8.8b