In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain. At the time of writing, the benchmark index is up 0.8% to 8,581.9 points.
Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:
Image source: Getty Images
Coronado Global Resources Inc (ASX: CRN)
The Coronado Global share price is down 12% to 16.25 cents. This morning, this coal miner announced that it has concluded an agreement that will see Stanwell Corporation provide up to US$150 million of near-term liquidity. This is in exchange for thermal coal supply of up to 800,000tpa over a five-year period commencing in 2027. This transaction, together with its US$150 million ABL refinancing, provides up to US$300 million in additional liquidity to Coronado.
Genesis Minerals Ltd (ASX: GMD)
The Genesis Minerals share price is down 3% to $4.42. This appears to have been driven by broad weakness in the gold industry today. Investors have possibly been selling gold miners in response to news that the US and China are meeting to discuss a trade deal in London. This has led to the S&P/ASX All Ords Gold index falling 2.5% this afternoon.
Monash IVF Group Ltd (ASX: MVF)
The Monash IVF share price is down 24% to 56.5 cents. Investors have been rushing to the exits again after the fertility treatment company announced another incident at one of its clinics. It said: "[Monash IVF] advises that an incident at the Clayton laboratory (Incident) occurred on Thursday 5 June where a patient's own embryo was incorrectly transferred to that patient, contrary to the treatment plan which designated the transfer of an embryo of the patient's partner."
Platinum Asset Management Ltd (ASX: PTM)
The Platinum Asset Management share price is down almost 6% to 53.2 cents. This follows the release of the fund manager's latest funds under administration (FUM) update. Platinum reported FUM of $8,339 million at the end of May. This was down 13.5% since the end of April. The struggling company said: "In May 2025, Platinum experienced net outflows of approximately $1.6 billion. This figure includes the previously announced (6 May 2025) institutional mandate termination of approximately $958 million, an additional institutional redemption of $360 million and net outflows from the Platinum Trust Funds2 of approximately $293 million."
