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The ASX200 is now officially in a bear market for the trivia lovers out there down 20.8% from the peak and in free fall down -2.5% today and crashing with the Nikkei:
Supports are at 4600, 4000 and GFC lows. Big iron is being smashed with BHP down -3.1%, RIO -1.7%, FMG -3%:
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Big gas is worse with WPL down -2.4%, OSH -3.2, ORG -4.2%, STO -4.7% and LNG -5%:
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.