AU Evening Wrap: ASX Falls 0.35%; Banks, Energy Retreat

The $S&P/ASX 200(.XJO.AU)$ finished 0.35 per cent lower as broad selling among the banks and energy producers dragged the market lower.

In company news financial advice business $AMP Ltd(AMP.AU)$ lost 6.1 per cent after it warned of a potentially large legal bill in the face of a Victorian court ruling.

While funds administration business $Netwealth Group Ltd(NWL.AU)$ lost 3.8 per cent after broker Citi suggested some investors may prefer to put cash in term deposits over its platform.

On the other side of the ledger, lithium darling $Patriot Battery Metals Inc(PMT.AU)$ scaled a new record high on the back of it drilling some high-grade lithium deposits in Canada.