ASX 200 rose 11 points to 8187 as an early rally was snuffed out by weak Chinese markets. Banks good. Resources bad. The Big Bank Basket rose to $234.34 (+0.5%). CBA up 0.5% as a defensive play, Insurers better too, ASX rose 1.4% and SQ2 did well on a BNPL sector upgrade, up 4.4%. REITs mixed, GMG down 1.4% and SCG up 0.3%. Industrials firmed, TLS up 1.3% with REA up after AGM comments. Tech better, WTC up 1.5% and XRO pushing 1.5% ahead. The All-Tech Index up 1.8%. Retail and travel stocks better. FLT up 1.4% and PMV up 1.3% with ALL up 2.0%. WES, WOW and COL better by over 1%. Resources were in a world of pain. BHP dropped 1.1% with RIO down 2.3% and FMG off 1.6%. Lithium stocks suffered as the bears were back having a picnic in PLS off 5.0% and MIN having a double whammy hit, down 6.4%. Oil and gas fell hard, WDS down 3.0% and uranium stocks under a little pressure. In corporate news, RIO -2.3% to acquire LTM for US$5.85/share cash, APA rose 2.6% on pipeline relief from the regulator, MAC raised $140m to repay debt and on the economic front, our Kiwi brothers saw a 50bps rate cut. Asian markets were mixed, Japan up 0.3%, China falling hard down 5.0% and HK down 0.6%. Stimulus? What stimulus!. Dow Futures down 25 points. NASDAQ Futures down 50 points. 

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