At the close in Sydney, the S&P/ASX 200 declined 2.45%.
The best performers of the session on the S&P/ASX 200 were Nine Entertainment Co Holdings Ltd (ASX:NEC), which rose 4.35% or 0.050 points to trade at 1.200 at the close. Meanwhile, Domain Holdings Australia Ltd (ASX:DHG) added 2.59% or 0.06 points to end at 2.38 and Clinuvel Pharmaceuticals Ltd (ASX:CUV) was up 2.20% or 0.49 points to 22.76 in late trade.
The worst performers of the session were Southern Cross Media Group Ltd (ASX:SXL), which fell 9.68% or 0.015 points to trade at 0.140 at the close. New Hope Corporation Ltd (ASX:NHC) declined 9.57% or 0.155 points to end at 1.465 and Estia Health Ltd (ASX:EHE) was down 8.68% or 0.135 points to 1.420.
Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 724 to 507 and 298 ended unchanged.
The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 19.13% to 32.079.
Gold Futures for June delivery was down 0.11% or 1.90 to $1696.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 5.39% or 1.35 to hit $23.68 a barrel, while the June Brent oil contract fell 2.56% or 0.72 to trade at $27.36 a barrel.
AUD/USD was down 0.20% to 0.6351, while AUD/JPY rose 0.29% to 68.50.
The US Dollar Index Futures was up 0.23% at 100.070.