By Oliver Gray
Investing.com - The S&P/ASX 200 fell 82.2 points or 1.1% to 7224.8 on Monday, extending last week's declines of 0.7% and finishing near 2-month lows as major mining companies fell ahead of closely watched Chinese PMI data due later in the week.
Among stocks, Materials tanked 3.2% overall as Rio Tinto Ltd (ASX:RIO) dipped 3%, BHP Group Ltd (ASX:BHP) lost 3.2% and Champion Iron Ltd (ASX:CIA) lost 6.7%, while Fortescue Metals Group Ltd (ASX:FMG) shed 7.3% as the company traded ex-dividend.
the rate sensitive real estate sector also declined 2.1% as Mirvac Group (ASX:MGR) fell 2.2%, Goodman Group (ASX:GMG) lost 2.4%, Charter Hall Group (ASX:CHC) dipped 2.7% and Stockland Corporation Ltd (ASX:SGP) fell 2%.
Among reporting companies, Woodside Energy Ltd (ASX:WDS) added 1.5% after reporting EPS of A$2.65 versus $2.18 expected on revenues of $16.42 billion, in-line with analyst expectations.
City Chic Collective Ltd (ASX:CCX) shed 12% after reporting losses of A$0.12 per share versus $losses of $0.02 expected, while revenues were reported at $168.6 million versus $168.75 million.
On the bond markets, Australia 10-Year rates were at 3.884%.