Join our daily newsletter At The Bell to receive exclusive market insights
The ASX200 has been down 1.66% at 8,390 points.
The Aussie bourse kicked off the week down on fears new U.S. tariffs on China, Canada, and Mexico will launch a global trade war.
All sectors are in the red and the Materials sector has been leading the market lower, down 2%, followed by Discretionary, down 1.8%, and Health Care, down 1.7%.
The Aussie dollar has fallen to 61.2 cents.
Company News
OzAurum Resources (ASX:OZM) has been up 150% after an update on a gold discovery in the Mulgabbie North Gold Project in Western Australia.
OzAurum Resources has been 9 cents.
Lucapa Diamond Company (ASX:LOM) has been down 11% after mining at the Lulo Alluvial Diamond Mine in Angola was disrupted by a blockade of entrances by community leaders.
Lucapa Diamond Company has been 1.6 cents.
Astral Resources (ASX:AAR) and Maximus Resources (ASX:MXR) are set to merge and will become a leading Western Australian gold developer with combined Mineral Resources of around 1.8Moz.
Astral Resources has been down 5% at 14.3 cents, while Maximus Resources has been down 1.5% at 6.4 cents.
-1200x645-380x200.jpg)