The ASX200 has been down 0.14% at 8,211 points.
The local bourse is declining in alignment with the US market and in response to hotter than expected US inflation data.
The Energy sector is the best performer, up 0.55%, and both Health Care and Industrials are up around 0.1%.
Company News
Dual listed Block (ASX:SQ2) has been up 3.6% after a strong session on Wall Street. Earlier this week the company launched the latest version of its payment platform Square.
Block has been $105.17 in afternoon trade.
Golden Deeps (ASX:GED) has been down 5.9% on thick copper and zinc bearing sulphide drilling intersection at its Havilah project in the world class Lachlan Ford Belt in NSW.
Golden Deeps has been 3.2 cents.
Capricorn Metals (ASX:CMM) has been up more than 2.7% in response to a surging gold price. Concerns over a weaking US economy has seen investors flock to the safe haven of gold.
Capricorn Metals has been $5.93.