ASX 200 falls sharply: 12 shares you should have been watching

Local shares fell sharply today, with the miners once again acting as a heavy drag on the market’s overall performance. Notably, the banks didn’t help, either.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.7% to 5435 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.7% to 5518 points
  • AUD/USD at US 75.31 cents
  • Iron Ore at US$57.16 a tonne, according to the Metal Bulletin
  • Gold at US$1,259.92 an ounce
  • Brent oil at US$51.40 a barrel

BHP Billiton Limited (ASX: BHP) led the downward charge, falling 2.9%. Rio Tinto Limited (ASX: RIO) also dropped 2.7%, while South32 Ltd (ASX: S32) shed 2.8%.

Among the banks, Westpac Banking Corp (ASX: WBC) fell 1.5%, and Australia and New Zealand Banking Group (ASX: ANZ) fell 1.6%. All four of the majors ended the day in the red.

Other shares that experienced hefty losses today were Link Administration Holdings Ltd (ASX: LNK), OFX Group Ltd (ASX: OFX) and Oil Search Limited (ASX: OSH). The trio fell 7.2%, 4.9% and 3.6%, respectively.

On a more positive note, the gold miners produced some strong rebounds today. Beadell Resources Ltd (ASX: BDR) rose 7.5%, EVOLUTION FPO (ASX: EVN) gained 4.7%, and Northern Star Resources Ltd (ASX: NST) lifted 3%.

Vocus Communications Limited (ASX: VOC) also recovered 5.5% for the day.

Here are Thursday’s top stories:

  1. Here’s what you should do BEFORE the next stock market crash
  2. This broker thinks it’s time to sell your BHP Billiton Limited & Rio Tinto Limited shares
  3. 4 growth shares I can’t help but love
  4. Named: What could be 4 of the riskiest shares on the ASX right now
  5. 3 stocks with bigger dividends than Telstra Corporation Ltd’s1%
  6. Here’s why the Link Administration Holdings Ltd share price is tanking today

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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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