ASX 200 dropped 33 points to 7116 (0.5%) as results dominated. Banks slid on WBC NIM woes, down to $170.88 (-0.9%) for the basket. WBC dropped 3.1%, with ANZ off 1.0%. MQG better, up 0.8%, but insurers fell after IAG results, QBE down 1.5%. Industrials were mostly firm, WES up 0.4%, ALL up 0.7% and REH managing a 0.2% gain. REA rose as tech stock saw buyers, XRO up 0.6% and WTC rallying 0.3%. The All-Tech Index down 1.0%. Healthcare in ICU as CSL stumbled again, down 1.4%, RMD fought back from early losses, finishing down 0.4% COH continues to get a good hearing up 1.6%. REITs mixed, VCX down 4.1% with SGP up 0.2%. Resources recovered a little after China cut some rates but not by enough. BHP down 0.4% of results tomorrow, FMG up 0.4% and lithium stocks in demand, PLS up 2.5%, MIN up 1.0% and LTR doing well, rallying 2.7%. Oil and gas are slightly better, WDS unchanged, and coal stocks flat.

In corporate news, PMV announced a strategic review and the CEO pulled the pin rising 12.2%, BRG followed up 9.0% on better margins and new product launches. AD8 proved the critics wrong with a 10.7% on record results. ELD collapsed 10.8% on profit guidance and IRE cut its dividend and sold a business to pay off dent and collapsed 35.6%. A2M was skimmed 13.6% on more Chinese woes and RWC dropped 8.3% on housing slowdown.

Nothing on the local economic front. Asian markets mixed again, Japan up 0.2%, HK down 1.6%, China down 0.6%. 10-year yields steady at 4.27%.

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