Here’s why the ASX 200 fell today

Shares across the resources sector dragged the local share market lower again today.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.3% to 5220 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.3% to 5283 points
  • AUD/USD at US 77.07 cents
  • Iron Ore at US$66.07 a tonne, according to the Metal Bulletin
  • Gold at US$1,236.51 an ounce
  • Brent oil at US$44.73 a barrel

The ASX endured its second consecutive day in the red today, pulled lower by shares in the resources sector as oil and iron ore both fell overnight.

BHP Billiton Limited (ASX: BHP) weighed heavily again today, shedding 3%, while Fortescue Metals Group Limited (ASX: FMG), Rio Tinto Limited (ASX: RIO) and South32 Ltd (ASX: S32) all lost between 3.1% and 6.3%.

The energy sector produced a more mixed set of results. Santos Ltd (ASX: STO) and Origin Energy Ltd (ASX: ORG) shares lost 3.7% each, but Woodside Petroleum Limited (ASX: WPL) shares closed 1.4% higher.

Westpac Banking Corp (ASX: WBC) was the best of the banks, rising 0.8%, while REA Group Limited (ASX: REA) shares rose 3.8%.

St Barbara Ltd (ASX: SBM) shares weren’t so lucky, losing 6.1% for the day.

Here are Tuesday’s top stories:

  1. Which ASX healthcare shares should you own?
  2. Why the REA Group Limited share price is rocketing today
  3. Why the Abundant Produce IPO soared 150% on debut
  4. Quickflix Ltd crashes into administration
  5. Why you should be sceptical of Santos Ltd shares
  6. Has the Iron Ore Rally Finally Peaked?
  7. Collection House share price jumps

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Motley Fool contributor Ryan Newman owns shares of Collection House Limited. 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.

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