Australian stocks decline on Monday, with S&P/ASX 200 down 0.63% and All Ordinaries down 0.60%.

Australian stocks are trading significantly lower on Monday, giving up the slight gains in the previous session. The S&P/ASX 200 index is down 0.63% at 7,747.30, and the broader All Ordinaries index is down 0.60% at 7,991.40. The decline follows mixed cues from Wall Street on Friday. Mining and energy stocks are weaker, with Rio Tinto, BHP Group, Beach Energy, Santos, and Woodside Energy all down.