The Aussie is market is enduring a hefty selloff so far today, with the XJO currently down 70 points (-1.6%), at 4120.

All but one sector is underwater, with materials and energy plays the hardest hit after commodities were sold off heavily overnight.

The Big Australian, BHP, is down 2.4%, whilst rivals Rio Tinto and Fortescue are off 3.2% and 3.8% respectively.

Of the better performing stocks on the day, Ten Network is up more than 5% whilst Resmed is close to 3% stronger.

Around the region, Asian markets are all weaker; the Hang Seng is down 1.8% whilst the Nikkei is off 1.2%.

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Midday Market Analysis: Rough Morning is a post from: Australian Stock Report Market Pulse Blog