ASX 200 fell 58 points to 7176 (-0.8%) as negative sentiment flooded all sectors today. Banks slid with the Big Bank Basket down to $185.64 (-1%). CBA off 1.2% and other financials sliding too, MQG down 2.7% and insurers off with QBE falling 1.1%. MFG fell 3.1% and ASX off 1.0% despite announcing a new CEO. Healthcare on the nose too as CSL dropped 1.8%, SHL down 2.4% and RHC off 1.3%. Industrials fell, WES falling 0.6% on its investor day, TCL off 1.1% as yields rose, REITS fell hard as GMG dropped 1.8%. Telcos gave back some recent defensive gains with TLS down 1.0% and TUA down 2.6%. Tech fell with the All-Tech Index down 2.5%, WTC off 2.0%, XRO down 3.0% and CPU slipping 1.0%. BNPL stocks again on sale, SQ2 down 5.0% and ZIP off 4.8%. Over in resources, oil and gas stocks rallied despite crude slipping 2% in Asian trade ahead of OPEC plus. STO up 1.3% and WDS up 5.2% after its block trade cleared the overhang. Iron ore stocks slipped, FMG down 0.7%, RIO down 1.7% BHP off 0.1% and base metals drifted lower. Lithium stocks seemed to find a level, PLS and AKE modestly lower after the rout yesterday. Gold miners steady. In corporate news, not much out today with some economic news on balance of payments increasing to $10.495bn in April. Asian markets weaker, 10-year yields up to 3.50%
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