Investors remain anxious ahead of the US Fed and Bank of Japan next week.

Markets Live: CBA back in favour

Shares get a late lift thanks to some buying in the banks, led by CBA, and miners, while the dollar slips on the latest jobs data.

At 2.05pm on Monday, the ASX placed the entire market back into "enquire".

Markets Live: Draghi drags on ASX

Australian shares closed down for the fourth week in a row after the ECB failed to extend its monetary stimulus program and investors piled out of the big banks.

The ASX has slid for most of the week.

Markets Live: ASX drops below 5400

Gone are the flat days of August: the ASX is on track for a sixth loss in seven sessions, as investors fret about a possible US rate hike.