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Energy stocks were dumped on the ASX and the market closed lower as rising Omicron infections hurt prospects for travel and consumption.
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Incitec Pivot will close its large Brisbane fertilizer plant in just over a year, citing gas utility costs while a study is conducted to convert it to a green ammonia plant.
Australian Pharmaceutical Industries (ASX: API) share price versus Sigma Healthcare Ltd (ASX: SIG) increased versus takeover offer from Wesfarmers Ltd (ASX: WES).
US stock markets battled into another negative week, with the Nasdaq and S&P 500 both down 0.9% while the Dow Jones down 0.5%.
Iron ore has extended its plunge below $ 100 a ton as China tightened industrial restrictions in some provinces, which will put further pressure on prices.
Fortescue Metals Group shares fell again in the Australian market after iron ore prices fell below $ 100 a ton for the first time in 14 months on late Friday.
The WA group says there needs to be a plan for WA to emerge from the virus and has supported reopening the borders at a vaccination rate of 80 percent.
Woodside is expected to announce a deal to purchase all of BHP's petroleum assets in the coming days, with Woodside confirming oil talks today.
Australian stocks are down more than 1.7 percent after Wall Street took a weak lead where investors were shocked by Hawk interest rate comments.
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