LOS ANGELES (MarketWatch) -- Stocks in Australia fell Tuesday in early trade, as losses in banking issues put the equity benchmark under pressure. The S&P/ASX 200 fell 0.4% to 5,190.40, nearly giving back the gain of 0.5% from the previous session. Stock in Australia & New Zealand Banking Group and Westpac Banking Corp. fell 0.9% and 0.6%, respectively, though Macquarie Group Ltd. fought to hang onto a fractional advance. Retailer Wesfarmers Ltd. lost 0.7%, falling alongside other stocks in the sector. But mining shares were mixed, with Newcrest Mining Ltd. jumping 6.1%, while BHP Billiton Ltd. slumped 0.4%. Hit hard in Tuesday's session were shares of Transfield Services Ltd. , down 22% after the contractor reduced its yearly profit forecast for a second time this year. Transfield also plans to cut 113 workers.
Australia stocks fall, with bank shares in the red
Japan stocks pull back; exporters, Softbank drop