Welcome to your five-minute recap of the trading day and how the experts saw it.
The ASX 200 has closed in the red for a seventh consecutive session, closing 0.6 per cent lower at 6,433.4 points, with energy and mining stocks the biggest drag on the market.
Mining giants, BHP and Rio Tinto, both slumped by more than 5 per cent as iron ore prices dropped.
But it was Fortescue that posted the biggest fall among the major miners, declining by 8.6 per cent, as the materials sector shed almost 5 per cent during the session.
Energy stocks were the worst-performing sector as oil prices edged lower, with Woodside 4.9 per cent lower and Santos dropping by 6 per cent.
However, the consumer discretionary and real estate sectors had positive days after struggling over the past month, lifting by 2.8 per cent and 3.5 per cent respectively.
The lifters: PointsBet Holdings 18.6%, Appen Limited 9.7%, Pinnacle Investment Management Group 7.7%
The laggards: Paladin Energy -13.1%, Champion Iron -11.9%, De Grey Mining -10.2%
The lowdown: The S&P/ASX 200 index fell almost 1 per cent by midday, after a rocky start, but recouped some of its losses by close.