By Oliver Gray
Investing.com - The S&P/ASX 200 fell 0.6% or 41.1 points to 6433.4 during Monday’s deals, extending declines for the 7th consecutive session and closing at fresh 16-month lows as commodity prices such as iron ore and copper retreated on global growth concerns, weighing down the energy and materials sectors.
Among stocks, Woodside Energy Ltd (ASX:WDS) fell 4.9%, Santos Ltd (ASX:STO) lost 6%, Beach Energy Ltd (ASX:BPT) dipped 8.3% and Viva Energy Group Ltd (ASX:VEA) fell 2.9%.
Mining heavyweights suffered as Rio Tinto Ltd (ASX:RIO) dropped 5.1%, BHP Billiton Ltd (ASX:BHP) lost 5.3%, Fortescue Metals Group Ltd (ASX:FMG) dipped 8.6% and Champion Iron Ltd (ASX:CIA) lost 11.9%.
Meantime, Real Estate stocks gained 3.8% with Goodman Group (ASX:GMG) adding 3.4%, Charter Hall Group (ASX:CHC) gaining 2.8%, Stockland Corporation Ltd (ASX:SGP) up 4.2% and Scentre Group Ltd (ASX:SCG) adding 4.8%.
On the bond markets, Australia 10-Year rates were at 4.073% while United States 10-Year yields were at 3.231%.
In New Zealand, the NZX 50 finished flat at 10,588.