By Oliver Gray
Investing.com - The S&P/ASX 200 dropped fell 96.3 points or 1.4% to 6898.5 on Monday as investors remained cautious amid the recent takeover of Credit Suisse Group AG (SIX:CSGN), ahead of key policy events from both the Federal Reserve and the RBA later in the week.
Among stocks, Energy posted the biggest declines, falling 3% as Woodside Energy Ltd (ASX:WDS) dipped 2.9%, Beach Energy Ltd (ASX:BPT) lost 2.2%, Santos Ltd (ASX:STO) shed 2.7% and Viva Energy Group Ltd (ASX:VEA) declined 4.3%.
Real Estate was down 2.5% overall, with Goodman Group (ASX:GMG) falling 2.9%, Charter Hall Group (ASX:CHC) down 4.8%, Mirvac Group (ASX:MGR) falling 2.3% and Stockland Corporation Ltd (ASX:SGP) dipping 2.3%.
Gold miners rallied as spot prices traded at 11-month highs. St Barbara Ltd (ASX:SBM) jumped 15.8%, Gold Road Resources Ltd (ASX:GOR) rose 11%, Chalice Gold Mines Ltd (ASX:CHN) added 0.7% and Evolution Mining Ltd (ASX:EVN) gained 10.1%.
On the bond markets, Australia 10-Year rates were at 3.249% while 2-Year rates were at 2.96%.
In New Zealand, the NZX 50 fell 1.4% to 11,564.8.