The S&P/ASX 200 Index (ASX: XJO) is having a very tough start to the week. At the time of writing, the benchmark index is down 1.5% to 7,729 points.
Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:
Adairs Ltd (ASX: ADH)
The Adairs share price is down 2.5% to $2.34. This has been driven by the homewares retailer's shares going ex-dividend this morning. Last month, Adairs released its half-year results and declared a 5 cents per share fully franked interim dividend. Eligible shareholders can look forward to receiving this payout next month on 8 April.
BHP Group Ltd (ASX: BHP)
The BHP share price is down 2% to $43.08. This follows weakness on Wall Street for its NYSE-listed shares on Friday night. Investors were selling mining shares amid soft economic data out of China. This weighed on the price of iron ore.
Deep Yellow Limited (ASX: DYL)
The Deep Yellow share price is down 4% to $1.22. This has been driven by the uranium developer completing a capital raising this morning. Deep Yellow advised that it has received binding commitments to raise $220 million at A$1.225 per new share. It will now seek to raise a further $30 million via a share purchase plan at the same price. These funds will be used to advance the development of the flagship Tumas Project in Namibia.
Woodside Energy Group Ltd (ASX: WDS)
The Woodside share price is down over 2% to $29.54. This follows a pullback in oil prices on Friday night. It isn't just Woodside that is falling on Monday. At the time of writing, the S&P/ASX 200 Energy index is down approximately 2%.
