Local shares plummeted today in a rout led by the country's banks and miners.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 2% to 4928 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 1.9% to 4981 points
- AUD/USD at US 71.97 cents
- Iron Ore at US$38.30 a tonne, according to the Metal Bulletin
- Gold at US$1,076.12 an ounce
- Brent oil at US$37.68 a barrel
The local share market fell heavily after the opening bell and from there, there was no looking back. The losses accelerated as the day progressed with the ASX 200 threatening to fall to a new two-year low.
The BHP Billiton Limited (ASX: BHP) share price continued its rapid descent, falling to a new 10-year low during the day. The shares ended the session 3.5% lower, while Rio Tinto Limited (ASX: RIO) fell 2%.
The banks also fell hard. Westpac Banking Corp (ASX: WBC), Australia and New Zealand Banking Group (ASX: ANZ) and National Australia Bank Ltd. (ASX: NAB) all fell more than 2%, while Commonwealth Bank of Australia (ASX: CBA) fell 1.9%.
The retail giants, being Woolworths Limited (ASX: WOW) and Wesfarmers Ltd (ASX: WES), fell 1.8% and 1.7%, respectively.
Liquefied Natural Gas Ltd (ASX: LNG) was the biggest loser for the day, losing 10.6%. Regis Resources Limited (ASX: RRL), on the other hand, gained 8.6%.
Here are Monday's top stories:
- S&P/ASX 200 plunges near fresh low: What you need to know
- Energy shares major losers from the Paris Climate Change Agreement
- Suncorp Group Ltd shares crash on margin squeeze
- Will the CSL Limited share price jump through $100?
- Will the Commonwealth Bank of Australia share price fall below $64?
- 2 tech shares ready to have a blockbuster 2016
- Why it could get worse for BHP Billiton Limited shares in 2016
