Here’s what happened to the ASX 200 today

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?

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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.

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