The Australian stock market is on track for its worst session in 12 weeks as the big four banks, the major miners and the energy sector continue to weigh amid a wider slump.
Australian shares closed up a whisker following a late afternoon rally after spending most of the day in the red during a busy day for economic indicators.
Australian shares have closed marginally down after a spike in the price of iron ore that boosted mining companies couldn't make up for losses elsewhere.
The Australian sharemarket has closed lower for a fourth straight day, after a vote in the British House of Commons cast the Brexit process into disarray.
A BHP Group rail maintenance crew applied brakes to the wrong locomotive when they tried to help the driver of a runaway iron ore train, which ended up being deliberately derailed in the Pilbara region.
QBE Insurance has been ordered to pay $10 million to a Perth investor who was a client of stockbroking firm Stripe Capital and former Perth broker Todd King.
The Australian sharemarket has started the week on a down note, with energy investors appeared spooked by news the world's largest wealth fund plans to sell its stakes in oil and gas companies.