Concerns over Hungary’s ability to repay its debts and disappointing jobs figures from the United States weighed on the Australian stock market at the opening bell Monday.

The ASX 200 slid 120 points, or 2.7 per cent, to 4,209.

The Australian dollar took a tumble too, with the local unit falling 2 cents at the opening to trade at 83 US cents.

More In: Markets | Business