The ASX 200 finished the week on a soggy note down 28 points at 7343. The market was happy to limp into the weekend after a long week and some frayed nerves. No news from Evergrande on its international bond interest payments putting investors on the side lines. It has now officially passed the deadline but has 30 days to rectify. Banks were stronger as the 10-year yield went through the roof, playing a little catch up to US yields. It hit 1.39% not wanting to be left out. That helped the Big Bank Basket rise to $181.71 up 0.8%.

Insurers also did well, QBE rose 1.7% and SUN better by 0.7%. Industrials though were soggy, WES down 0.2%, GMG down 2.4% and TLS off 0.8%. TCL had first day of rights trading with TCL up 0.36% and TCLR up 13.8%. Healthcare in the casualty ward, COH down 4.8% on a patent issue. RMD fell 3.4% on broker down grades and CSL off 0.3%. Energy stocks were in demand, STO up 1.9%, WPL up 1.7% and KAR doing well up 5.86%.

Miners slipped BHP still under pressure down 1.7%, FMG off 1.2% and gold miners sagged as bullion fell on a stronger USD and bond yields rising substantially. NCM down 2.5% and NST off 4.3%. We saw some light profit taking in some of the sexy new metal sectors like Uranium and lithium.  Tech stocks eased with XRO down 2.1% and WTC off 2.1%. APT managed a gain of 0.4% on the Square US price with the Index down 0.2%.

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