Afternoon update: ASX currently trading 1.18% lower with all sectors in the redCraig Foley
The S&P/ASX 200 is trading 1.18 per cent lower at 7,171.20.
The SPI futures are down 56 points.
Best and worst performers
All sectors are in the red. The sector with the fewest losses is REITs, down 0.43 per cent. The worst-performing sector is Materials, down 2.9 per cent.
The best-performing large cap is Liontown Resources (ASX:LTR), trading 8.3 per cent higher at $3.000.5 It is followed by shares in Boral (ASX:BLD) and Macquarie Group (ASX:MQG).
The worst-performing large cap is BHP Group (ASX:BHP), trading 4.97 per cent lower at $4.381. It is followed by shares in Whitehaven Coal (ASX:WHC) and Allkem (ASX:AKE).
Japan's Nikkei has lost 0.11 per cent.
Hong Kong's Hang Seng has lost 0.97 per cent.
China's Shanghai Composite has lost 0.66 per cent.
Commodities and the dollar
Gold is trading at US$1,943.70 an ounce.
Light crude is trading $0.22 lower at US$87.32 a barrel.
One Australian dollar is buying 63.73 US cents.
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Source: Finance News Network