It was a brutal day for the Australian markets and the S&P/ASX 200 Index (ASX: XJO) this Tuesday. After hitting a new record high yesterday, investors were brought back down to earth today by a savage sell-off.
By the time trading wrapped up this session, the ASX 200 had fallen a horrid 1.34%, leaving the index at 9,077.3 points.
This rather calamitous drop for the ASX comes after a far calmer morning over on Wall Street to kick off the American trading week.
The Dow Jones Industrial Average Index (DJX: .DJI) had a volatile session but closed 0.15% lower.
The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was luckier, managing to close 0.36% higher.
But let's get back to the local markets now and take stock of how today's nasty falls affected the various ASX sectors this session.
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Winners and losers
There were only two sectors that managed to escape today's carnage with a rise.
But first, it was mining stocks that were hit the hardest today. The S&P/ASX 200 Materials Index (ASX: XMJ) was punished, crashing 3.09% lower by the end of today's trading.
Gold shares were no safe haven, with the All Ordinaries Gold Index (ASX: XGD) tanking 2.99%.
Consumer discretionary stocks were also punished. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) took a 2.8% tumble this Tuesday.
Tech shares didn't fare much better, illustrated by the S&P/ASX 200 Information Technology Index (ASX: XIJ)'s 2.17% dive.
Real estate investment trusts (REITs) had a day to forget, too. The S&P/ASX 200 A-REIT Index (ASX: XPJ) sank 2.05% lower this session.
Healthcare stocks didn't provide much cover either, with the S&P/ASX 200 Healthcare Index (ASX: XHJ) cratering by 1.41%.
We could say something similar for industrial stocks. The S&P/ASX 200 Industrials Index (ASX: XNJ) gave up 0.99% of its value today.
Communications shares were right behind that, as you can see from the S&P/ASX 200 Communication Services Index (ASX: XTJ)'s 0.93% slump.
Utilities stocks improved quite a bit on that. The S&P/ASX 200 Utilities Index (ASX: XUJ) had taken a 0.16% dip by the closing bell.
Financial shares were our last losers today, with the S&P/ASX 200 Financials Index (ASX: XFJ) sliding 0.13% lower.
Turning to the winners now, it was energy stocks that took the top spot today. The S&P/ASX 200 Energy Index (ASX: XEJ) saw its value spike 1.41% this session.
The other safe haven this Tuesday was consumer staples shares, as evidenced by the S&P/ASX 200 Consumer Staples Index (ASX: XSJ)'s 0.02% gain.
Top 10 ASX 200 shares countdown
Easily winning today's index race was financial stock Magellan Financial Group Ltd (ASX: MFG). Magellan shares rocketed a massive 21.87% this Tuesday to finish at $10.31 each.
This big jump followed news that Magellan would merge with its Barrenjoy Capital Partners affiliate.
Here's how the other winners pulled up at the kerb:
| ASX-listed company | Share price | Price change |
| Magellan Financial Group Ltd (ASX: MFG) | $10.31 | 21.87% |
| New Hope Corporation Ltd (ASX: NHC) | $5.10 | 7.37% |
| Yancoal Australia Ltd (ASX: YAL) | $6.49 | 4.85% |
| Light & Wonder Inc (ASX: LNW) | $129.30 | 3.56% |
| Ampol Ltd (ASX: ALD) | $29.98 | 3.17% |
| Whitehaven Coal Ltd (ASX: WHC) | $8.19 | 3.15% |
| Viva Energy Group Ltd (ASX: VEA) | $1.89 | 3.01% |
| Deep Yellow Ltd (ASX: DYL) | $2.70 | 2.27% |
| IperionX Ltd (ASX: IPX) | $6.97 | 1.90% |
| Karoon Energy Ltd (ASX: KAR) | $1.81 | 1.69% |
Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.
