By Oliver Gray
Investing.com - The S&P/ASX 200 fell 19.2 points or 0.3% to 6,719.9 during Monday’s trade, extending last week’s declines of 2.1% and finishing at fresh 2-month lows as investors remained cautious amid rising interest rates and growing global growth concerns.
Among stocks, Utilities led declines, falling 1.4% collectively with Origin Energy Ltd (ASX:ORG) falling 0.9%, APA Group (ASX:APA) down 1.6%, AGL Energy Ltd (ASX:AGL) falling 2% and Genesis Energy Ltd (ASX:GNE) down 2.2%.
Information Technology declined 1.3% overall as Block Inc (ASX:SQ2) dipped 4.5%, Appen Ltd (ASX:APX) lost 1.2%, Megaport Ltd (ASX:MP1) dipped 1.1%, Brainchip Holdings Ltd (ASX:BRN) shed 4.9%. Link Administration Holdings Ltd (ASX:LNK) also lost 2% after rejecting a takeover offer from Dye & Durham.
Energy was down 1.1% as Woodside Energy Ltd (ASX:WDS) fell 1%, Santos Ltd (ASX:STO) lost 0.8%, Beach Energy Ltd (ASX:BPT) fell 1.8% and Viva Energy Group Ltd (ASX:VEA) dipped 1.1%.
On the bond markets, Australia 10-Year rates were at 3.429% while United States 10-Year yields were at 3.451%.
In New Zealand, the NZX 50 fell 48.5 points or 0.4% to 11,532.