ASX 200 falls; Adbri plunges amid costs warning; BHP leads iron ore sell-off
ASX ends down on broad losses. Core Lithium leads lithium rally, Adbri hammered on profit warnings, iron ore edges towards 12-month low and dollar could hit US58c.
Welcome to the Trading Day blog for Monday, October 17. The Australian sharemarket slumps to a two-day low as energy and materials lead broad falls across all index sectors.
The S&P/ASX 200 index fell 94.34 points, or 1.4 per cent to close at 6664.40.
On Wall Street, the Dow Jones index fell 1.3 per cent, the S&P 500 index lost 2.4 per cent and the tech-heavy Nasdaq index was 3.1 per cent lower.
Oil prices fell with the global benchmark Brent crude down 3.1 per cent to $US91.63 per barrel and the US Nymex crude off 3.9 per cent to $US85.61 per barrel.
Iron ore futures were down 1.3 per cent to $US92.60 on Monday.
price is up 0.6 per cent to $US95.93 per tonne while gold futures price fell 1.7 per cent to $US1,648.90 an ounce.
The dollar was buying at US62.38c at the close.
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Originally published as ASX 200 falls; Adbri plunges amid costs warning; BHP leads iron ore sell-off
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