ASX 200 fell another 90 points to 6943 (1.3%) after weak leads from overseas and bond yields pushing higher. RBA leaves cash rates unchanged in Bullock’s first meeting. Low volume and only tentative signs of some bargain hunting appeared. Resources once again the problem as iron ore fell in Singapore. BHP down 1.2%, and FMG off 1.6%. Energy stocks were also under pressure as crude continued to backtrack, WDS down 3.7% and STO off 4.3%. Coal miners are also seeing selling, with WHC down 3.6%. Bullion has been falling hard on stronger USD and rates. NST fell 4.3%, and EVN down 4.9%. Lithium stocks also see sellers gain the upper hand, PLS down 2.9% and AKE dropping 4.8%. Banks held up relatively well as yields rose, CBA down 0.2%, NAB down 0.6% with the Big Bank Basket down to $174.94 (-0.5%). Insurers fell, QBE off 2.0%, and fund managers also fell, with MQG down 0.6%. Industrials slightly weaker, REITs under pressure, GMG down 2.0% and tech stocks also eased, with WTC down 3.0% and XRO off 1.2%. CPU did better after selling its US mortgage business. Unchanged on the news. The All-Tech Index finished down 1.3%. Healthcare and defensive stocks saw some buying as CSL rallied 1.0% on a broker upgrade, RMD better, and WES and ALL both found support. In corporate news, thin on the ground for announcements. On economic news, new dwelling approvals rose 7% in August, and RBA kept rates unchanged as expected. Asian markets eased, with China still closed for Golden Week. HK down 3.2%, and Japan down 1.7% as the Yen weakens. 10-year yields falling slightly to 4.54%. Dow Futures down 84 points. NASDAQ Futures down 37 points. 

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