The ASX is down 1% as the market falls back below 8000 points after record highs on Wednesday. The market continues to give up gains in response to Wall Street’s lead. Almost all sectors are down in the wake of the sell off. Materials is down 2% as investors respond to commodity price declines. Real Estate is down 1.3% as the sector continues to suffer losses and investors adjust rate cut expectations. Elsewhere, BHP’s stock price has hit an 18 month low on the back of low iron ore prices, poor Chinese economic sentiment, and nickel mine shutdowns in WA. Company NewsArgosy Minerals (ASX:AGY) i…