Every sector is weaker, with the IT and consumer discretionary sectors the worst performers.
An unexpected decrease in retail sales for June further hurt the market this morning, with the data showing sales fell by 0.1% in the month against a forecast 0.4% rise.
Clearly consumers remain concerned amid jittery global economic conditions and worries about potential interest rate hikes.
In company news, Ramelius Resources is trading almost 3% higher after reporting full-year profit guidance of $90 million before tax.
Around the region, Asian markets are generally weaker; the Hang Seng is 1.8% weaker whilst the Nikkei is down more than 2%.
The Shanghai Composite is bucking the trend, up 0.3%.