Aussie shares ended the day heavily in the red, after a horror night on overseas markets.
All sectors closed underwater, with IT and energy the hardest hit.
The big four banks were weaker; NAB was the worst performer losing 1.1%, whilst rival Westpac managed a relatively smaller decline of only 0.2%.
The mining majors weighed on the market amid falling commodity prices. Rio Tinto and BHP dropped 2.1% and 1.9% respectively.
Energy stocks Woodside and Santos both declined 1.9% on the back of weaker oil prices.
The ASX 200 tumbled 46 points (-1.1%) to settle at 4246.