The ASX 200 closed lower on Monday, with losses led by miners and real estate.
The S&P/ASX200 dropped 46.50 points or 0.6% to finish at fresh 4-week lows of 8,249.5.
Seven of 11 sectors finished in the red, with materials shedding 2.2%. Real estate and energy sectors also shed 1.1% and 0.9%, respectively.
Miners led declines with Rio Tinto, BHP and Fortescue down 2.1%, 2.3% and 4.3%, respectively.
This follows a 1.2% decline in iron ore futures prices over the weekend.
Amcor fell 0.8% after moving closer to a highly anticipated acquisition of Berry Group.
Star Entertainment also surged 5.1% after the company’s CEO Mark Mackay abruptly resigned late last week.
Meanwhile, mining company Golden Horse Minerals lifted 4.4% after its IPO at 1 pm AEDT, while DigiCo REIT shed 5.5% following its IPO on Friday.
Among economic releases, S&P Global PMIs for Australia showed services employment slowing for the first time since August 2021.
Ahead in the week, market participants will be closely monitoring Fed interest decision, with markets pricing in a 97.1% of a 25 basis point cut.
On the bond markets, 10-year and 2-year rates were at 4.322% and 3.931%.