ASX falls 0.7%; Banks, miners and CSL drop; Afterpay rises

Summary

• The ASX 200 backed away from near 11-month highs, dropping by as much as 0.7%, with the miners, banks, and CSL weighing
• Wall Street rose for a third straight session overnight, with Google parent Alphabet jumping following its strong quarterly results. US futures were mixed, with the S&P and Nasdaq E-Minis up 0.1% and 0.3%, and the Dow E-Mini flat 
• 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 but the size of the move fell short of expectations. The surplus printed at $6.8b in December, up from $5b in November, but below consensus of $8.8b