The fear of the unknown is causing markets to crash, and defensive assets like gold to rise. So what should investors do amidst all the action?

MARKET WRAP:

• ASX200: down 1.74%, 7,843
• GOLD: $3,155 US/oz
• BITCOIN: $135,052 AUD

 

• Domain Holdings fell 1.6% as the board said its close to recommending a takeover bid from US company CoStar. 
• BHP was 3.8% lower, Fortescue fell 4%, Rio Tinto lost 4.8%, Pilbara Minerals tumbled 8.2%, and Mineral Resources dropped 5.2%.
• Goodman Group fell 2.9%, QBE was down 3.3% and Macquarie fell 3.4%.
• Wisetech Global managed to finish up 1.5% to $81.23 after it appointed two new non-executive directors, including its former chairman.
• Orora up 4.4% to $1.88
• Bucking the trend were Commonwealth Bank, Transurban, and Reece.

CURRENCY UPDATE:

• AUD/USD: 62.69 US cents
• AUD/GBP: 48.4 pence
• AUD/EUR: 58 Euro cents
• AUD/JPY: 93 Japanese yen
• AUD/NZD: 1.10 NZ dollars

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