The S&P/ASX 200 Index (ASX: XJO) broke its winning streak in a dramatic way on Thursday. The index closed 1.84% lower at 6,857.9 points.
Its suffering came after the United States Federal Reserve upped interest rates by 0.75% to between 3.75% and 4% in an effort to tackle rampant inflation overnight. Also likely weighing on markets was chair Jerome Powell's warning that future hikes are likely.
Wall Street plummeted on the back of the news. The Dow Jones Industrial Average Index (DJX: .DJI) fell 1.6%, the S&P 500 Index (SP: .INX) tumbled 2.5%, and the Nasdaq Composite (NASDAQ: .IXIC) plunged 3.4%.
Back home, the S&P/ASX 200 Materials Index (ASX: XMJ) put out today's worst performance, falling 3%.
Meanwhile, the S&P/ASX 200 Energy Index (ASX: XEJ) dumped 1.2% despite rising oil prices.
The Brent crude oil price lifted 1.6% to US$96.16 a barrel overnight, while the US Nymex crude oil price gained 1.8% to US$90 a barrel.
But not all was dire. The S&P/ASX 200 Communications Index (ASX: XTJ) was the only sector to close in the green, having gained 0.1%.
So, with all that in mind, which ASX 200 share took out today's top spot? Keep reading to find out.
Top 10 ASX 200 shares countdown
The biggest gain on the ASX 200 today was posted by Perpetual Limited (ASX: PPT). Its share price rocketed 7% after the company rejected a $30 per share takeover bid, saying the offer undervalued it.
Today's biggest gains were made by these shares:
| ASX-listed company | Share price | Price change |
| Perpetual Limited (ASX: PPT) | $28.82 | 7.14% |
| New Hope Corporation Limited (ASX: NHC) | $6.09 | 5.91% |
| Downer EDI Ltd (ASX: DOW) | $4.81 | 5.25% |
| A2 Milk Company Ltd (ASX: A2M) | $5.49 | 4.17% |
| Telstra Corporation Ltd (ASX:TLS) | $3.94 | 1.29% |
| Computershare Limited (ASX: CPU) | $25.94 | 1.25% |
| Nanosonics Ltd (ASX: NAN) | $4.21 | 1.2% |
| Boral Limited (ASX: BLD) | $2.85 | 1.06% |
| Cromwell Property Group (ASX: CMW) | $0.695 | 0.72% |
| Medibank Private Ltd (ASX: MPL) | $2.90 | 0.69% |
Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.
