The Aussie market is underwater so far today, weighed down by terrible leads from international markets last night.

The XJO is presently 45 points (-1.1%) in the red, with the index holding around 4045.

The losses are widespread, with nearly all sectors down; energy, materials and financials are the hardest hit.

In company news, Aquarius Platinum has plummeted 15.2% after last night announcing that it will half operations at its Everest mine in South Africa due to the mine becoming uneconomical.

Elsewhere, Integra has dropped 3.9% after announcing an increase in cash cost for the June quarter due to mechanical issues experienced at its mine.

Around the region, Asian markets are all weaker; the Hang Seng is off 1.1% whilst the Nikkei is down 0.5%

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Midday Market Analysis: Bears in Control is a post from: Australian Stock Report Market Pulse Blog