End-of-day summary:
The share market has suffered its biggest setback since the Trump tariff-panic global sell-off peaked in April.
The ASX 200 slumped 89 points or 1.02% as investors took advantage of last week's record close. The Australian stock benchmark surged 118 points on Friday after US stocks hit new heights and BHP reported record iron ore and copper volumes.
A flat end to last week on Wall Street encouraged at least some investors here to cash out. The S&P 500 and Nasdaq flatlined on Friday following reports President Donald Trump wants tariffs of at least 15% on imports from the European Union - a likely stumbling block to any deal.
The big four banks skidded between 2.4% and 3.61% here today. Other notable drags included gold miners, retailers, healthcare providers and REITs. Energy producers and bulk metal miners weathered the storm.
