The biggest loser on the benchmark index was Carsales, which was down 7.8 per cent, after the US auto retailer warned inflation was reducing demand for used cars.
On Wall Street, Ford and Tesla fell 6 to 7 per cent, with local auto retailer AP Eagers plunging 5.5 per cent.
The yield on benchmark risk-free 10-year treasuries added 4 basis points over the trading day to 3.79 per cent at the close. Australian 10-year bonds offered 3.97 per cent.
Company news
Shares in the a2 Milk Company edged 0.6 per cent higher after it told investors that first-quarter sales were marginally ahead of plan because of foreign exchange gains driven by the depreciation of the New Zealand dollar.
Northern Territory-based lithium darling Core Lithium entered a trading halt on plans to raise $100 million at $1.03 per share on a 6.8 per cent discount to its last closing price. Management said the capital would help it deliver first lithium concentrate from its Finiss project in the second half of 2023.
US equity futures pointed marginally higher at the close.
