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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.

A number of local and overseas data is at hand for investors this week. Picture: Gaye Gerard
A number of local and overseas data is at hand for investors this week. Picture: Gaye Gerard
The Australian Business Network

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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Original URL: https://www.theaustralian.com.au/business/trading-day/asx-to-fall-as-global-uncertainty-looms-all-eyes-on-uk-china-developments/live-coverage/a3bbe1b869e5c464c7c75855b078d11e