The Consumer Staples sector, which includes supermarket giants Woolworths and Coles, was particularly affected by the news of possible legal action from the ACCC. The Australian Competition and Consumer Commission's  ACCC  potential lawsuits against major supermarket chains weighed on investor confidence.
The Consumer Staples sector, including Woolworths and Coles, faced investor concerns due to potential ACCC lawsuits against major supermarket chains.