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Market Matters.
[URL unfurl="true"]https://marketmatters.com.au[/URL]

"Markets chalked up their worst day since the depths of Covid a little over 5-years ago, though, it wasn’t as bad as it could have been, with US Futures building on Fridays steep losses, trading down another 5% on our open with Asian markets also feeling the heat, Hong Kong shares down 12%, China & Japan off 8%.

The ASX 200 bottomed out just before 11am, hitting an intra-day low of 7169, before bouncing ~200 points. Headlines across Bloomberg mid afternoon sighting discussions of China stimulus helped some of the miners, though, 93% of the main board finished lower on the day, only a splattering of positive corporate news and a few random tickers that made gains…

The main difference in today’s trade was some of the defensive areas were also sold off, used as funding vehicles for other opportunities and/or margin calls, and this played through gold stocks while some ASX listed income securities were used as funding vehicles.

The ASX200 fell -324pts/-4.23% closing at 7343
Energy (-6.95%), Financials (-4.94%) and Materials (-4.84%) hit hardest.
Communications (-0.93%), Consumer Staples (-1.89%) and Utilities (-2.06%) relative outperformers."

[ATTACH=full]197054[/ATTACH]

<blockquote data-quote="finicky" data-source="post: 1325080" data-attributes="member: 2104">Market Matters.[URL unfurl=&quot;true&quot;]https://marketmatters.com.au[/URL]&quot;Markets chalked up their worst day since the depths of Covid a little over 5-years ago, though, it wasn’t as bad as it could have been, with US Futures building on Fridays steep losses, trading down another 5% on our open with Asian markets also feeling the heat, Hong Kong shares down 12%, China &amp; Japan off 8%. The ASX 200 bottomed out just before 11am, hitting an intra-day low of 7169, before bouncing ~200 points. Headlines across Bloomberg mid afternoon sighting discussions of China stimulus helped some of the miners, though, 93% of the main board finished lower on the day, only a splattering of positive corporate news and a few random tickers that made gains…The main difference in today’s trade was some of the defensive areas were also sold off, used as funding vehicles for other opportunities and/or margin calls, and this played through gold stocks while some ASX listed income securities were used as funding vehicles.&nbsp; &nbsp;The ASX200 fell -324pts/-4.23% closing at 7343 Energy (-6.95%), Financials (-4.94%) and Materials (-4.84%) hit hardest. Communications (-0.93%), Consumer Staples (-1.89%) and Utilities (-2.06%) relative outperformers.&quot; [ATTACH=full]197054[/ATTACH]</blockquote>

[QUOTE="finicky, post: 1325080, member: 2104"] [B]Market Matters.[/B] [URL unfurl="true"]https://marketmatters.com.au[/URL] "Markets chalked up their worst day since the depths of Covid a little over 5-years ago, though, it wasn’t as bad as it could have been, with US Futures building on Fridays steep losses, trading down another 5% on our open with Asian markets also feeling the heat, Hong Kong shares down 12%, China & Japan off 8%. The ASX 200 bottomed out just before 11am, hitting an intra-day low of 7169, before bouncing ~200 points. Headlines across Bloomberg mid afternoon sighting discussions of China stimulus helped some of the miners, though, 93% of the main board finished lower on the day, only a splattering of positive corporate news and a few random tickers that made gains… The main difference in today’s trade was some of the defensive areas were also sold off, used as funding vehicles for other opportunities and/or margin calls, and this played through gold stocks while some ASX listed income securities were used as funding vehicles. The ASX200 fell -324pts/-4.23% closing at 7343 Energy (-6.95%), Financials (-4.94%) and Materials (-4.84%) hit hardest. Communications (-0.93%), Consumer Staples (-1.89%) and Utilities (-2.06%) relative outperformers." [ATTACH type="full"]197054[/ATTACH] [/QUOTE]

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