ASX 200 fell 34 points to 8300 (-0.4%) with a late rally saving some blushes. Down 1.5% for the week. Banks showed some resilience, with CBA attracting investor interest as a safe-haven option. The Big Bank Basketrose to $257.08 (+0.2%), with MQG up 0.3% with insurers easing slightly. REITs fell with NKOTB DGT falling 9.0% on debut. Not a great debut. Industrials were mixed, WOW up 0.3% and ALL rallying 1.2% as WES fell 1.3% and QAN dropped 1.2% on more industrial action. Resources fell significantly as iron ore prices dropped in Asia. BHP lost 1.5% with FMG continuing its wild ride down 3.7%. Gold miners sagged on lower bullion prices following the US PPI last night. Uranium stocks surged following the coalition's announcement of plans to establish seven nuclear power plants across the country. PDN up 4.7% and DYL rising 2.8%.  Oil and gas stocks better with WDS up 0.5%. In corporate news, IFL was on the receiving end of a NBIO from Bain at 400c, up 6.2%. S32 fell 1.1% on WA extending the Worsley alumina project. SDF fell 0.5% on some insider trading charges and TCL fell 0.9% on an update on NSW government negotiations. Nothing on the economic front locally. Asian markets eased despite Chinese stimulus talk. Japan down 1.0%, HK down 1.7% and China down 1.5%. 10-year yields back to 4.3%.

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