Market Update: The S&P/ASX 200 was down 0.8% to 5,372 points following a fall in the US equity markets as well as continued weakness in copper and crude oil...

Market Update: The S&P/ASX 200 was down 0.8% to 5,372 points following a fall in the US equity markets as well as continued weakness in copper and crude oil overnight on China concerns. Financials were weak with all the major banks losing at least 1.0%. Resources were mixed with basic materials miners stabilising after recent heavy losses. BHP and RIO were both down only 0.1%. Gold miners were the best performers within the sector as the physical metal rebounded last night. Resolute Mining surged 9.8% and Silver Lake Resources jumped 7.9%. The AUD has fallen below USD 0.90 again to be trading at USD 0.8965. The SPI was down 0.8% at 5,371 points on the Sydney Futures Exchange.