ASX 200 fell hard 139 points to 8206(1.7%) as selling hit all sectors. 10-year bond yields rose again, with interest rate-sensitive stocks suffering the most. The Big Bank Basket fell to $242.99 (-2.0%). CBA off 2.2% and NAB down 2.1%. REITS under pressure, GMG down 2.7% and SCG off 2.5%. Healthcare is suffering, CSL is down 2.9% and PME is dropping by 4.0%. Industrials were weaker across the board; retail fell despite better-than-expected consumer confidence numbers. JBH down 2.7% and SUL off 2.2%. ALL down 2.1% and LNW slipping again, off 2.0%. WES fell 2.3%. QAN remained in flight up 1.2% and tech stocks were mixed, WTC rose 2.8% as CEO issues subsided. Resources were a mixed bag of lollies. Iron ore stocks eased, BHP off 1.2% with FMG down 1.6% but some winners in the gold space, WGX up 0.9% and BGL rising 0.6%. MIN remain in the seller’s sights down 4.3% with energy stocks easier, PDN down 1.9% and WDS off 1.4%. In corporate news, AD8 disappointed with its trading update, falling 6.1%, VEA warned of softer retail conditions and TCL fell 1.6% despite guidance reaffirmed. On the economic front, consumer confidence rose. Asian markets were a little mixed, HK up 0.5%, China up 0.5% and Japan down 1.3%. 10-year yields rose again, up to 4.42%.

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