Local shares have followed international markets lower today, hammered on fears of a potential Brexit. This was highlighted by an overnight spike in the VIX, otherwise known as the “fear index”, which also shot higher overnight.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 2.1% to 5203 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 2% to 5282 points
  • AUD/USD at US 74.01 cents
  • Iron Ore at US$52.91 a tonne, according to the Metal Bulletin
  • Gold at US$1,278.52 an ounce
  • Brent oil at US$49.92 a barrel

The banks led today’s broad-based sell-off, with all four of the majors ending the session at least 2% lower. Commonwealth Bank of Australia (ASX: CBA) and Australia and New Zealand Banking Group (ASX: ANZ) were the worst of the lot, dropping 2.6% each.

The resources companies were on the ropes, as well. BHP Billiton Limited (ASX: BHP) shares plunged 3.2%, while Woodside Petroleum Limited (ASX: WPL) and Santos Ltd (ASX: STO) lost 3% and 7%, respectively.

It was a different story for the gold miners, who continue to rise higher on elevated uncertainty. Northern Star Resources Ltd (ASX: NST) rose 3%, while Beadell Resources Ltd (ASX: BDR) gained 4.6%.

Mesoblast limited (ASX: MSB) was by far the worst for the day, crashing 42.2%. Metcash Limited (ASX: MTS), by comparison, rose 4.8%.

Here are Tuesday’s top stories:

  1. Here’s why the ASX 200 has been smashed today
  2. Look out for Guvera’s tech competitors
  3. ResMed Inc. (Chess) and Brambles Limited – is it time to buy shares?
  4. These gold miners are going berserk! Is it time to buy?
  5. Is this super-cheap ASX-listed bank right for your portfolio?
  6. There could be more pain ahead for Mesoblast limited as credibility sinks
  7. Better buy: Telstra Corporation Ltd or Woolworths Limited?

Why retirees LOVE these 5 ASX stocks

Discover The Motley Fool's top 5 ASX dividend stock ideas for 2016 to get you started building a more diversified income portfolio that is paying you back! Click here to learn more.

The report is free! No credit card required.

HOT OFF THE PRESSES: Motley Fool’s #1 Dividend Pick for 2017!

With its shares up 155% in just the last five years, this ‘under the radar’ consumer favourite is both a hot growth stock AND our expert’s #1 dividend pick for 2017. Now we’re pulling back the curtain for you... And all you have to do to discover the name, code and a full analysis is enter your email below!

Simply enter your email now to receive your copy of our brand-new FREE report, “The Motley Fool’s Top Dividend Stock for 2017.”

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our https://www.fool.com.au/financial-services-guide">Financial Services Guide (FSG) for more information.

Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.