The Australian share market finished lower after trade on Monday, dragged down by tech stocks as investors wait for foreign central banks' next interest rates meetings.

Meanwhile, Michele Bullock began her seven-year term as RBA governor after taking over from Philip Lowe.

ASX finishes down as tech stocks suffer worst day so far this month

The Australian share market has finished lower for the first day of trade this week, down 0.7% to 7,230 points, thanks to a broad sell-off with tech shares dragging it into the red.

All 11 sectors finished in negative territory, with technology and energy falling by 1.6% each.

Tech stocks WiseTech Global fell by 2.5%, while Xero shed 4.1% at the close.

Utilities and basic materials were the most minor negative sectors, falling by 0.1% and 0.3% respectively.

The fall in tech stocks follows the dip seen on the Nasdaq last Friday and is the worst day Aussie tech stocks have seen this month.

The top performers for the day were:

• Paladin Energy +4.2%
• Fisher & Paykel Healthcare +1.5%
• Alumina +1.5%
• Ramelius Resources +1.5%
• Auckland International Airport +1.4%

And the worst performers for the day:

• Weebit Nano -9.5%
• Silver Lake Resources -8.3%
• Polynovo -5.4%
• Washington H Soul Pattinson -5.3%
• Genesis Minerals -4.9%

Source: ABC News