ASX closed up 22 points to 7600 (0.3%) after shooting higher in morning trade. It hit near record highs before a sell-off. Banks eased back very slightly with WBC down 0.5% and Big Bank Basket down to $ (%). Insurers eased back with QBE down 2.2% and SUN off 2.0%. Other financials eased back too, MQG the exception up 0.2%.  REITs better led by GMG up 1.0% and SCG up 2.1%. Tech better WTC up 1.3% and the All-Tech Index up 1.1%. Telcos slightly better, TLS up 0.5%. Industrials mixed, REA better by 1.5% and WOW down 0.8% on broker calls, CPU down 1.6% and BXB off 1.7%. In resources, iron ore stocks firmed on stimulus hopes, Gold miners better as GOR bounced 10.0% on broker commentary. Lithium stocks showing some early signs and uranium stocks finding their feet with oil and gas falling slightly as crude slipped. In corporate news, plenty of quarterlies and earnings updates, MP1 lived up to its name with a gush higher on better than expected numbers and commentary, up 27.6%, 29M fell 16.8% on quarterly numbers missing, MAD dropped 5.3% surprising consider it looked ok, DJW ex div and NIC up 20.8% on a div increase and buyback. In economic news, retail sales came in below forecast, down 2.7%, Godfreys went into administration. In Asian markets, China slipped lower as stimulus hopes fade. China down 0.8% and Japan up 0.3%. Bond yields fell back to 4.14%.

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