The Aussie market is underwater so far today, weighed down by terrible leads from international markets last night.
The XJO is presently 45 points (-1.1%) in the red, with the index holding around 4045.
The losses are widespread, with nearly all sectors down; energy, materials and financials are the hardest hit.
In company news, Aquarius Platinum has plummeted 15.2% after last night announcing that it will half operations at its Everest mine in South Africa due to the mine becoming uneconomical.
Elsewhere, Integra has dropped 3.9% after announcing an increase in cash cost for the June quarter due to mechanical issues experienced at its mine.
Around the region, Asian markets are all weaker; the Hang Seng is off 1.1% whilst the Nikkei is down 0.5%