The S&P/ASX 200 Index (INDEXASX: XJO) came crashing back to earth on Tuesday as it plummeted 2.19% lower.
The ASX 200 closed at 6,712.30 points while the All Ordinaries Index (INDEXASX: XAO) dipped 2.11% to 6,818.40 points.
That’s the biggest one day decline for the benchmark Aussie index since August 2016 as the United States’ trade threats hurt markets.
Here are 3 things you might have missed on another big day of trade as Aussie equities cooled off from their record highs.
1. Avita Medical shares smashed 9.45% lower
The Avita Medical Ltd (ASX: AVH) share price was hammered 9.45% lower on the ASX 200 on Tuesday.
The Aussie medical group’s shares were in near-freefall despite no market sensitive announcements in yesterday’s trade.
Despite this, Avita shares are up an astonishing 625% since the start of the year, so yesterday’s slump is nothing more than a minor speed bump.
2. ASX 200 miners held their own on Tuesday
While there were many ASX 200 stocks slumping lower on Tuesday, the Aussie miners did alright.
Evolution jumped 1.50% to $4.07 per share while Silver Lake and Regis climbed 1.288% and 0.64% higher, respectively.
3. WAAAX stocks bear the brunt of US tariffs
The WAAAX tech stocks led the ASX 200 lower on Tuesday as concerns over US tariffs sent investors heading for the exit.
WiseTech Global Ltd (ASX: WTC) was the worst affected as its share price slumped 5.73% lower to $26.01 per share.
The WAAAX stocks are still significantly outperforming in 2019 but concerns over United States trade tends to hit their valuations hard.
Our Motley Fool experts have just released a brand new FREE report, detailing 5 dirt cheap shares that you can buy today.
One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…
Another is a diversified conglomerate trading near a 52-week low all while offering a 2.8% fully franked yield...
Plus 3 more cheap bets that could position you to profit over the next 12 months!
See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.
Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO. The Motley Fool Australia owns shares of Altium, Appen Ltd, WiseTech Global, and Xero. 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 Scott Phillips.