The ASX200 has been down 1.66% at 8,390 points.
The Aussie bourse kicked off the week down on fears new U.S. tariffs on China, Canada, and Mexico will launch a global trade war.
All sectors are in the red and the Materials sector has been leading the market lower, down 2%, followed by Discretionary, down 1.8%, and Health Care, down 1.7%.
The Aussie dollar has fallen to 61.2 cents.
Company News
OzAurum Resources (ASX:OZM) has been up 150% after an update on a gold discovery in the Mulgabbie North Gold Project in Western Australia.
OzAurum Resources has been 9 cents.
Lucapa Diamond Company (ASX:LOM) has been down 11% after mining at the Lulo Alluvial Diamond Mine in Angola was disrupted by a blockade of entrances by community leaders.
Lucapa Diamond Company has been 1.6 cents.
Astral Resources (ASX:AAR) and Maximus Resources (ASX:MXR) are set to merge and will become a leading Western Australian gold developer with combined Mineral Resources of around 1.8Moz.
Astral Resources has been down 5% at 14.3 cents, while Maximus Resources has been down 1.5% at 6.4 cents.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.