The Aussie market is struggling badly so far today, despite reasonable leads from international markets last night.
The XJO is presently down 45 points (-1.1%), at 4075.
The losses are widespread, with every sector in negative territory; materials, energy and telcos are the hardest hit.
In company news, Iluka has dropped 2.6% after Managing Director David Robb characterised zircon sales as ‘soft’ in the first quarter at the groups AGM.
Elsewhere, Kingsrose Mining is up 1.4% after it declared a maiden dividend of $0.04 a share.
Around the region, Asian markets are all trading lower; the Hang Seng (-1.5%) and Nikkei (-1.2%) are amongst the hardest hit.