Australian S&P/ASX 200 experienced a drop on Monday, fuelled by lower than expected growth in produce price index in the 4th quarter amid enduring Greek debt talks. Australian benchmark index slipped 0.34% or 14.50 points to 4,225.10, led by technology and resource sectors. Fortescue Metals Group Ltd. dropped 3.7% and Newcrest Mining Ltd. slipped 0.7%. Financials also posted some loss as Westpac Banking Corp fell 1.1%. On the upside was retail industry with David Jones Ltd. gaining 1.7% and BIllabong International Ltd, rocketing 6.4%.