ASX 200 falls 1.5%, CSL, BHP, Fortescue smashed

Stocks finish 1.5 per cent lower, hurt by biotech giant CSL, BHP and Fortescue Metals. Retail sales fall 1.7 per cent. Oil prices hit their highest level since 2018 and iron ore jumped.

Brent oil prices have jumped on concerns about tightening supplies, boosting shares in energy companies. Picture: AAP

Welcome to the Trading Day blog for Tuesday, September 28. Australian stocks end 1.5 per cent lower, hurt by CSL, BHP and Fortescue. Oil prices hit a three-year high.

The S&P 500 lost 0.3 per cent. The Dow Jones Industrial Average ticked up 0.2 per cent while the tech-heavy Nasdaq Composite Index fell 0.5 per cent. European stocks ended slightly higher after an early rally ran out of steam. Locally, retail trade figures are released.