The Australian sharemarket tumbled on Monday as stocks faced renewed pressure ahead of United States President Donald Trump’s impending tariff announcement.
The ASX 200 fell 138.6 points, or 1.7%, to close at 7,843.4, with all 11 sectors ending the session in negative territory.
The materials sector bore the brunt of the sell-off, with major miners Rio Tinto, BHP, and Fortescue Metals posting sharp declines of 4.8%, 3.8%, and 4%, respectively.
Energy stocks also struggled, as Santos fell 2.1%, Woodside lost 2.9%, Beach Energy dipped 3.4%, and South32 retreated 4.5%.
Real estate investment trusts (A-REITs) sank, with Mirvac, Goodman Group, Charter Hall, and Stockland down in the range of 1.6% - 2.9%.
Among individual stocks, Adriatic Metals suffered a steep 10.4% decline amid concerns over production outlook.
In the bond market, 10-year and two-year Australian government bond rates lost 0.4% and 0.5% to 4.39% and 3.688%, respectively.
