Episode Details

The ASX 200 took a dive today driven down 106 pts to 8844 (1.2%) as the healthcare sector cratered following a massive downgrade and fall from COH. CSL followed COH down around 5.7% with RMD and 4DX also feeling very unloved. Banks were also sold down heavily with CBA off 2.5% and the Big Bank Basket falling to $291.07 (-2.4%). MQG saw profit taking after near record highs, and other financials slid too. HUB dropped 2.0% and AMP off 2.0%. Retail stocks were also weaker, WES resumed the downtrend off another 0.9% and NCK sofa down 3.6%.  Travel stocks eased back as CTD revealed a massive refund due to the UK government. Still not trading. Tech stocks held up, the damage has already been done with COL and WOW better again. In resources, a good quarterly from BHP saw the stock rise 1.2% and lithium stocks held, S32 up 2.0%. also out with a quarterly, as oil and gas stocks drifted lower, WDS down 1.4%. Gold miners were easier, but still some patches of green, VAU up 3.0% and OBM doing well following quarterly. EVN fell 2.9%.

In corporate news, COH’s downgrade fell on deaf ears dropping 40.7%, GDG tumbled 22.6% on its update and TWE was popping corks as it updated China sales and jumped %. BOQ disappointed again on headline earnings. BHP looks like it has settled its dispute in China on pricing. 

In economic news, nothing locally. Oil easing slightly in Asia.

Asian markets saw modest gains - Japan up 0.3%, HK down 1.4% and China up 0.2%. 10-year yields fall to 4.9%.

US Futures ease, Nasdaq up 189, Dow up 210. Europe is opening down around 0.5%

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.