Rate hike fears setting in as shares tumble

The S&P/ASX200 closed lower Thursday, dropping 18 points or 0.25% to 7,430, falling away in late trade after setting a new 20-day high.The chill wind of higher interest rates and falling commodities driving losses across the local market.Today's ultra-laggard was Pointsbet Holdings (PBH) might be making money, but not fast enough - quarterly negative cash flows almost topping $40 million. Despite impressive growth across several metrics, PointsBet continues to burn through cash shedding 17% while uber-gainer, Evolution Mining (EVN) closed the circle, rising almost 14%.Top Three VodsWary Zach is holding cash, but he's still buyingEvergrande is no Lehman but the risk is stopping this investor from buying Chinese property stocksHow to profit and help save the planet Hosted on Acast. See acast.com/privacy for more information.