The S&P/ASX 200 plunged 126 points, or 1.45%, to end at 8,505 on Monday, marking its lowest level since April 1 and extending losses from the prior session. A tumble in U.S. stock futures pressured sentiment, after President Trump warned Iran to get moving on a peace agreement, heightening geopolitical risks in the Middle East. Weak economic data from China, Australia’s top trading partner, added to pressure, as April industrial output and retail sales growth slowed to multi-year lows, possibly due to softer fiscal support. Most sectors ended lower, led by transport, non-energy minerals, consumers, and process industries. Brambles Ltd. slipped around 19% after the logistics firm cut its annual profit growth outlook, citing repair-capacity constraints among U.S. subcontractors. Other major decliners included BHP Group, Macquarie Group, and Evolution Mining. Investors now await Australia’s flash May PMI data, the RBA meeting minutes, and April labor market figures later this week.