* Sydney records deadliest day of the COVID-19 pandemic
* Bendigo & Adelaide Bank falls 10%
* Energy stocks biggest drag, slide 3.4%
Aug 16 (Reuters) - Australian shares snapped a four-session
winning run to close lower on Monday, dragged by increasing
COVID-19 restrictions and an earnings-led selling in heavyweight
After Friday's record-high finish, the S&P/ASX 200 index
ended down 0.6% at 7,582.5 to mark its worst day since
The country's biggest city Sydney, which is in its eighth
week of lockdown, recorded its deadliest day of the pandemic on
Monday, while Melbourne extended its restrictions.
"So, the two main states are going to be in lockdown, with
economists expecting Q3 to be a negative GDP. It looks like Q4
is going to be affected as well," Deep Data Analytics' CEO
Mathan Somasundaram said.
Among heavyweights, Beach Energy, Bendigo and
Adelaide Bank and LendLease Group were the
biggest losers on the benchmark.
Oil and gas explorer Beach Energy slipped 10% to its worst
level since March 2020 after reporting a 21% drop in its annual
Bendigo and Adelaide Bank also shed 10% after Citi flagged a
challenging revenue outlook, while construction and property
firm LendLease slid about 8% on forecasting a restructuring
charge in the first half of fiscal 2022.
The ASX 200 Energy index was the biggest drag on the
benchmark index, closing 3.4% lower as oil prices fell.
Woodside Petroleum Ltd lost 5%.
The ASX 300 Metals and Mining index slipped 1.2%,
tracking iron ore and copper prices that fell after data from
top metals consumer China showed signs of slowing in its
Alkane Resources Ltd fell 9.2%, while Perenti
Global Ltd lost 7.7%.
Bucking the trend, a2 Milk finished 14.8% higher to
be on top of the benchmark, buoyed by reports that suitors are
circling the company.
New Zealand's benchmark S&P/NZX 50 index fell 0.3%
to end at 12,720.15.
(Reporting by Savyata Mishra in Bengaluru; editing by