The local share market was hit by a vicious sell-off today, spurred by comments from a US Federal Reserve official indicating that US interest rates need to rise sooner rather than later.
Here's a quick recap:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 2.2% to 5219 points
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 2.2% to 5319 points
- AUD/USD at US 75.35 cents
- Iron Ore at US$57.78 a tonne, according to the Metal Bulletin
- Gold at US$1,328.93 an ounce
- Brent oil at US$47.27 a barrel
It was one of the most vicious sell-offs the market has experienced since late June, when Britain controversially voted to leave the European Union.
Incredibly, just a handful of companies in the ASX 200 cohort ended the day in the black. QBE Insurance Group Ltd (ASX: QBE) was one such business, rising a mere 0.6%.
Elsewhere, it was all red. Australia and New Zealand Banking Group (ASX: ANZ) dropped 2.1%. And National Australia Bank Ltd. (ASX: NAB) lost 2.6%.
BHP Billiton Limited (ASX: BHP) also fell heavily, losing 4%, with South32 Ltd (ASX: S32) down 4.1%. Telstra Corporation Ltd (ASX: TLS) escaped with a 1.4% decline.
Sydney Airport Holdings Ltd (ASX: SYD) plunged 6.3%, while fellow infrastructure business Transurban Group (ASX: TCL) lost 2%.
Here are Monday's top stories: