At closing bell, the benchmark S&P/ASX200 declined 41.39 points, or 0.55%, to 7,485.75. The broader All Ordinaries fell 29.14 points, or 0.37%, to 7,783.81.
Shares of BHP were the major weight on the market, with its 6.9% slide accounting for close to 70% of the ASX 200's drop, amid weaker iron ore prices and minus its recently announced payout. BHP traded ex-dividend for its $2.73 per share dividend, set to be paid to investors on September 21.
Supermarket Woolworths was another blue-chip to trade ex-dividend and closed 1.5% lower at $40.47.
CURRENCY NEWS: The Australian dollar changed hands at $0.7388, having climbed from below $0.73 earlier in the week.
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