Why Adairs, BHP, Deep Yellow, and Woodside shares are dropping today

These ASX shares are starting the week in the red. But why?

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The S&P/ASX 200 Index (ASX: XJO) is having a very tough start to the week. At the time of writing, the benchmark index is down 1.5% to 7,729 points.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Adairs Ltd (ASX: ADH)

The Adairs share price is down 2.5% to $2.34. This has been driven by the homewares retailer's shares going ex-dividend this morning. Last month, Adairs released its half-year results and declared a 5 cents per share fully franked interim dividend. Eligible shareholders can look forward to receiving this payout next month on 8 April.

BHP Group Ltd (ASX: BHP)

The BHP share price is down 2% to $43.08. This follows weakness on Wall Street for its NYSE-listed shares on Friday night. Investors were selling mining shares amid soft economic data out of China. This weighed on the price of iron ore.

Deep Yellow Limited (ASX: DYL)

The Deep Yellow share price is down 4% to $1.22. This has been driven by the uranium developer completing a capital raising this morning. Deep Yellow advised that it has received binding commitments to raise $220 million at A$1.225 per new share. It will now seek to raise a further $30 million via a share purchase plan at the same price. These funds will be used to advance the development of the flagship Tumas Project in Namibia.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is down over 2% to $29.54. This follows a pullback in oil prices on Friday night. It isn't just Woodside that is falling on Monday. At the time of writing, the S&P/ASX 200 Energy index is down approximately 2%.

Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Adairs. The Motley Fool Australia has positions in and has recommended Adairs. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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