ASX 200 falls 1.4pc in $33bn wipeout; gold miners rally in volatile trading
Shares close at 10-week low. Gold miners rally in volatile trading. Real estate stocks lift on rate bets. IPH reports cyber incident. Wall Street tipped to rebound.
Welcome to the Trading Day blog for Tuesday March 14. The Australian sharemarket plunged to a 10-week low as $33bn was wiped with investors nervous following the collapse of Silicon Valley Bank.
The S&P/ASX 200 index lost 99.90 points, or 1.4 per cent, to close at 7008.90 after it hit an intraday low of 6950.60.
Wall Street was set for a mixed session this evening with futures tied to the S&P 500 up 0.6 per cent and 0.5 per cent higher for the Dow Jones and 0.6 per cent for the Nasdaq.
The dollar was near US66.50c at the close.
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