End of Day Report – Thursday 23 January: ASX 200 down 51 | Banks steady, miners fall

The ASX 200 took a tumble today down 51 points to 8379 (0.6%) as resources came under pressure on Trump tariffs fears. Asian markets were resilient and iron ore unchanged in Singapore, but miners still sold off. BHP down 1.7% with FMG off 2.2% on quarterly numbers, lithium also under pressure too with PLS down 3.7% and MIN off 3.3%. Gold miners eased and uranium stocks help relatively firm. Banks held steady with the Big Bank Basket at $260.17. Financials slipped slightly, ASX off 1.2% with insurers mixed. QBE up 1.0% and IAG down 0.5%. Industrials saw modest broad-based losses, retail slid, JBH down 2.2% and WES off 1.5%. Both WOW and COL fell and ALL dropped 2.7% with tech mixed, XRO up 1.1% and WTC off 0.4%. In corporate news, PMV and MYR voted yes to the deal. FMG had production numbers in line, PPS jumped on FUA numbers and EVN dropped 3.9% on broker research. Nothing on the economic front locally, BoJ tomorrow widely expected to raise rates. Asian markets firm Japan up 0.8%, HK up 0.2% and China up 0.6%. 10-year yields rising to 4.47%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence. Ready to invest in yourself? Join the Marcus Today community.