Local shares were back in the red today, although the losses were far less significant than some of those experienced by international markets overnight.
The Dow Jones and NASDAQ in the US fell 1.5% and 2.4% respectively, while Germany's DAX and England's FTSE 100 were off another 3% and 2.6%.
Without further ado, here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.7% to 5,103 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.7% 5,179 points
- AUD/USD at US 74.05 cents
- Iron Ore at US$53.86 a tonne, according to the Metal Bulletin
- Gold at US$1,317.90 an ounce
- Brent oil at US$47.86 a barrel
All of the big four banks went against the trend and posted gains today. Westpac Banking Corp (ASX: WBC) and National Australia Bank Ltd. (ASX: NAB) were the top performers, rising 0.5% each.
Telstra Corporation Ltd (ASX: TLS), on the other hand, slipped into the red. Its shares lost 1.1% while CSL Limited (ASX: CSL) also dropped 0.8%.
Interestingly, the gold sector finished significantly lower today which could be indicative of investors finally coming to grips with Brexit. Beadell Resources Ltd (ASX: BDR) dropped 5.6%, St Barbara Ltd (ASX: SBM) dropped 8.5%, and EVOLUTION FPO (ASX: EVN) lost 3.9%.
I would expect the market to remain somewhat volatile over the coming days and weeks as investors continue to adjust their risk appetite, which could create some great buying opportunities for long-term investors.
Here are Tuesday's top stories:
- Lessons for Australian bank shareholders from the Brexit
- 3 share bargains from the Brexit crash
- CYBG PLC CDI 1:1 slammed: Clydesdale Bank shares down 30% in 3 days
- Why the Nearmap Ltd share price is flying today
- 3 dividend shares that could cut their payouts in 2016
- Brexit: Here are 3 ASX shares I would avoid
- CSL Limited shares could be a great buy today
