The Aussie market is enduring another selloff so far today, with the XJO currently down 30 points (-0.7%) at 4140.
The selloff is widespread, with all but a couple of sectors in negative territory.
Telcos and financials are collectively the weakest performers, whilst materials and utilities are teh strongest.
In company news, Sydney Airports is down 0.7% after reaffirming its distribution guidance of $0.21 per security for CY12.
Elsewhere, Aurora Oil & Gas has dropped 10.3% after undertaking a $120 million underwritten equity raising at $3.55.
Around the region, Asian markets are mixed; the Hang Seng (+0.5%) and Shanghai Composite (+0.4%) are stronger whilst the Nikkei (-0.2%) is weaker.