Trading Day: Miners, banks lead S&P/ASX 200 bounce from intraday low

Regional markets fell but miners and banks led an incredible recovery on the ASX 200 for the close. Iron ore prices higher. Retail trade lifts. Nuix dives, Mighty Kingdom up on debut.

Australian stocks on Tuesday posted their first losses in six days. Picture: AAP

Welcome to the Trading Day blog for Wednesday, April 21. Regional markets fell but miners and banks led an incredible recovery on the ASX 200 for the close. Iron ore prices were higher. Retail trade lifts. Nuix dives, Mighty Kingdom up on debut.

On Wall Street, the Dow dropped 0.8 per cent, while the S&P 500 fell 0.7 per cent and the Nasdaq Composite lost 0.9 per cent. European markets also posted sharp losses. Locally, BHP’s quarterly report has been released.