SYDNEY, AAP – Australian shares ended lower amid a broader sell-off in Asian markets on Monday, as worries over the economic impact of lockdowns in Sydney and Melbourne weighed on investor sentiment.
The benchmark S&P/ASX200 index lost 62.1 points, or 0.85 per cent, to 7288.
The All Ordinaries dropped 71 points, or 0.93 per cent, to 7559.70.
Most of the losses were focused in the heavyweight mining, energy and financial stocks, as investors dumped cyclical stocks amid signs of faltering economic growth.
Defensive sectors such as healthcare, utilities and consumer staples were among the few that ended higher.
The heightened risk also saw the Aussie dollar slip to its lowest level since last December.
By 1615 AEST, it was buying 73.79 US cents, sharply down from Friday’s close of 74.31 US cents.