By Oliver Gray
Investing.com - The S&P/ASX 200 lost 12.5 points or 0.2% to 7,139.3 during Monday’s trading session, extending declines of 0.1% in the previous session as market participants moved away from major mining companies amid a recent spike of coronavirus cases in China.
Among stocks, Materials led the declines, down 1.5% as Rio Tinto Ltd (ASX:RIO) lost 2.3%, BHP Group Ltd (ASX:BHP) fell 2.3%, Fortescue Metals Group Ltd (ASX:FMG) dipped 3.8% and Champion Iron Ltd (ASX:CIA) lost 1.6%.
Energy declined 0.9% collectively, with Santos Ltd (ASX:STO) down 1%, Woodside Energy Ltd (ASX:WDS) dipping 1.4%, Beach Energy Ltd (ASX:BPT) down 1.5% and South32 Ltd (ASX:S32) losing 1.2%.
Information Technology also fell 1.5% as Block Inc (ASX:SQ2) fell 4.3%, Megaport Ltd (ASX:MP1) lost 1.2%, Link Administration Holdings Ltd (ASX:LNK) dipped 0.7%, Novonix Ltd (ASX:NVX) shed 3.1% and Altium Ltd (ASX:ALU) lost 2.9%.
On the bond markets, Australia 10-Year rates were at 3.592% while United States 10-Year yields were at 3.79%.
In New Zealand, the NZX 50 added 0.5% to 11,440.4.