By Oliver Gray
Investing.com - The S&P/ASX 200 declined 75.80 points or 1.14% to 6,602.20 during Monday’s trading session, partially retracing gains of 2.1% in the previous week as the Materials and Info Tech sectors led declines.
Among stocks, heavyweight mining companies declined, with Rio Tinto Ltd (ASX:RIO) down 2.1%, BHP Billiton Ltd (ASX:BHP) shedding 3.1%, Fortescue Metals Group Ltd (ASX:FMG) down 2.7% and Champion Iron Ltd (ASX:CIA) retreating 4%.
Major tech companies suffered, with Block Inc (ASX:SQ2) falling 2.6%, Appen Ltd (ASX:APX) down 2.4%, Novonix Ltd (ASX:NVX) shedding 11.4%, Brainchip Holdings Ltd (ASX:BRN) down 3.9% and Xero Ltd (ASX:XRO) losing 3.2%.
Consumer Discretionary retreated 1.9% as JB Hi-Fi Ltd (ASX:JBH) fell 1.5%, Domino's Pizza Enterprises Ltd (ASX:DMP) declined 6.3%, Tabcorp Holdings Ltd (ASX:TAH) lost 2.9% and Aristocrat Leisure Ltd (ASX:ALL) lost 2.7%.
Meantime, EML Payments Ltd (ASX:EML) tanked 24.6% after the surprise exit of its chief executive.
On the bond markets, Australia 10-Year rates were at 3.543% while United States 10-Year yields were at 3.077%.
In New Zealand, the NZX 50 fell 0.6% to 11,106.1.