The Aussie market tumbled by 1.7% today, following a negative lead from Wall Street after economic data pointed to more rate hikes than previously expected. Only 8 of 200 stocks on the ASX200 lifted today and unsurprisingly, all 11 sectors were down. Regis Resources was best after a record year of gold production and Paladin energy declined after announcing it wasn’t able to secure the sale of its Canadian joint venture. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

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