Australia's$S&P/ASX 200 (.XJO.AU)$closed 0.1% lower at 7735.8 amid weakness in commodity stocks.
Iron-ore miners$Rio Tinto Ltd (RIO.AU)$,$BHP Group Ltd (BHP.AU)$and$Fortescue Ltd (FMG.AU)$lost between 1.2% and 3.2% following Friday's release of data showing Chinese manufacturing activity continuing to shrink. Investors may be waiting on this week's annual National People's Congress for any measures that could support Chinese iron-ore demand.
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
Peterson111 : I would choose to always believe in mining stocks.
Wealthy Leio : It's gone down too much.