Why the ASX 200 fell below 5,200 points today

Local shares fell sharply today upon renewed Brexit fears, although the market did rebound towards the end of the session.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.6% to 5197 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.5% to 5284 points
  • AUD/USD at US 74.37 cents
  • Iron Ore at US$55.93 a tonne, according to the Metal Bulletin
  • Gold at US$1,369.85 an ounce
  • Brent oil at US$48.07 a barrel

Gold miners were the big winner today as uncertainty continued to mount regarding what Brexit could actually mean for the economy.

Beadell Resources Ltd (ASX: BDR) shares skyrocketed 19.3%. EVOLUTION FPO (ASX: EVN) and St Barbara Ltd (ASX: SBM) also rose 6.5% and 4.5%, respectively.

Cover-More Group Ltd (ASX: CVO) and Coca-Cola Amatil Ltd (ASX: CCL) rose strongly as well, lifting 11.3% and 4.6%.

The banks weren’t so lucky. Australia and New Zealand Banking Group (ASX: ANZ) dropped 1.9%, while Westpac Banking Corp (ASX: WBC) fell 1.2%. All four banks ended the day in the red.

Meanwhile, BHP Billiton Limited (ASX: BHP) and Origin Energy Ltd (ASX: ORG) lost 3.8% and 4.5%, while Domino’s Pizza Enterprises Ltd. (ASX: DMP) shed 4.1%.

Here are Wednesday’s top stories:

  1. Renewed Brexit fears drive gold price higher: Miners to follow
  2. 5 important money lessons to learn before you’re 30
  3. Why the Lynas Corporation share price soared today
  4. The bargain hunter’s guide to CSL Limited
  5. Big four banks’ shares slide as royal commission chances grow
  6. Why Fantastic Holdings Limited shares are getting smashed today
  7. Is ASX Ltd a takeover target?

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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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