ASX flat after Wall Street extends losing streak

Real estate investment trusts and energy companies weighed down the Australian sharemarket on Monday after Wall Street closed out its second-straight losing week.

Real estate investment trusts dipped more than 1.5 per cent to be the weakest market sector. Goodman Group slid 2.9 per cent and Vicinity Centres shedded 1.7 per cent. Losses in tech stocks weighed on the market. Google parent Alphabet fell 1.3 per cent; and software maker Adobe slumped 13.7 per cent after providing investors with a weak revenue forecast. Microsoft and Broadcom both dipped 2.1 per cent.

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