AGL has refused Alinta Energy's $250 million offer to buy Liddell Power Station and reaffirmed its decision to close the plant in 2022.
Shares in Penfolds maker Treasury Wine Estates have sunk to a four-month low amid reports it is facing an over-supply of its wine in China.
AMP chair Catherine Brenner has quit with immediate effect as the fallout widens from the fees-for-no-service scandal at the financial services royal commission.
A global law firm is investigating a possible class action against financial services giant AMP, which has admitted to cheating customers and lying to the corporate regulator.
AMP chief executive Craig Meller has quit the wealth management giant, becoming the first major casualty of the financial services royal commission.
The plunge in US stocks has infected Australian shares, with the local bourse opening sharply lower in a "bloodbath" after the Dow industrials hit its biggest one-day decline in history.