Brexit bashes ASX

Tuesday, 14 June 2016

Big iron is down as Dalian loses -4% from its Monday rush. BHP is -2.2%, RIO -1.1% and FMG -1.3% and still so high it’s hilarious:

Big gas is being hammered as oil falls with WPL -2.6%, OSH -3.4%, ORG -3.8% and STO -5%:

Gold miners (sorry, chart not updating) are flying with NCM 2.4%, RRL 9%, IGO 4.8%, SBM -4%, EVN 1.7%:

Banks are looking sick with CBA -2.2%, WPL -2.05%, ANZ -2.4%, NAB -2.3%, BOQ -2.9%, BEN -1.7% and MQG -2.4%:

Risk awf and with two weeks to go to the vote plenty of volatility ahead!

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.