S&P/ASX 200 Index (ASX: XJO) shares are being smashed, with the benchmark falling 6.5% to an intraday low of 7,169.2 points.
The market dive has reduced the ASX 200 to its lowest point since December 2023.
The ASX 200 has since retraced some of its early morning losses and is trading at 7,322.5 points, down 4.5%, at the time of writing.
The market dive has taken many popular ASX 200 shares with it, including several blue-chips.
This may present brave investors with an opportunity to buy the dip and engage in some dollar-cost averaging for longer-term gains.
We are well into an official market correction now, with the ASX 200 down 14.18% from its 14 February record.
A market correction is defined as a major market index falling 10% from the most recent peak.
Let's take a look at some of the more popular ASX 200 shares trading at multi-year lows today.
11 popular ASX 200 shares trading at major discounts today
Bear in mind that some of these ASX 200 shares have fallen in recent times for reasons other than the US reciprocal tariffs.
But today's market dive has taken them lower.
BHP Group Ltd (ASX: BHP)
The market's largest ASX 200 mining share crashed 9.7% to a near three-and-a-half-year low of $33.25 today.
Fortescue Ltd (ASX: FMG)
The ASX 200 iron ore mining pure-play share dived 11.2% to a five-year low of $13.18 today.
Rio Tinto Ltd (ASX: RIO)
This morning, the third-biggest ASX 200 mining share dived 8.1% to a near three-and-a-half-year low of $103.58.
There's been no news from BHP, Fortescue or Rio Tinto today. However, iron ore prices fell about 4% to $US97.05 per tonne overnight, leading to the sell-off of our major miners at market open.
ANZ Group Holdings Ltd (ASX: ANZ)
The ANZ share price fell 6.9% to a 14-month low of $26.22 this morning.
There is no price-sensitive news for the ASX 200 bank share today.
National Australia Bank Ltd (ASX: NAB)
The NAB share price dipped 7.6% to a 15-month trough of $31.13 today.
NAB has not released any news on Monday.
CSL Ltd (ASX: CSL)
The share market's largest ASX 200 healthcare stock fell 3.45% to a 16-month low of $244.54 today.
There is no company news from CSL today.
However, last week, the biotech giant issued a statement regarding the US tariffs.
CSL said:
At this stage pharmaceutical products are not subject to the reciprocal tariffs.
CSL is continuing to assess the broader impact of the tariffs and will monitor further announcements by the U.S. Government.
Woodside Energy Group Ltd (ASX: WDS)
The market's largest energy share crashed 9.9% to a near four-and-a-half-year low of $18.61 today.
The oil and gas giant has announced a binding agreement to sell a 40% interest in a Louisiana gas plant in the US for US$5.7 billion.
Woodside said:
The transaction significantly reduces Woodside's capital expenditure profile and is a material step towards
readiness for a final investment decision.
Plunging oil prices back to 2021 levels has contributed to today's dramatic fall in the Woodside share price.
Flight Centre Travel Group Ltd (ASX: FLT)
Flight Centre shares fell 8% to a four-and-a-half-year low of $11.64 today.
There is no news from Flight Centre today.
Pilbara Minerals Ltd (ASX: PLS)
The Pilbara Minerals share price tumbled 10.2% to a near four-year trough of $1.23 today.
There is no news for the ASX 200 lithium share today.
Nextdc Ltd (ASX: NST)
NextDC shares tumbled 11.7% to a two-year low of $9.40 today.
There is no company news for the ASX 200 tech share on Monday.
Worley Ltd (ASX: WOR)
The Worley share price lost 14% in early trading, sending the stock to a three-year low of $11.22.
There is no price-sensitive news for the ASX 200 industrials stock today.
