End of Day Report – Wednesday 2 October: ASX 200 falls 11 as we wait for more from Israel

ASX 200 slipped 11 points to 8201 (0.1%) in quiet trade. Eyes on the Middle East. Hong Kong markets rallied sharply after the holiday. China still closed. Banks steady again, CBA up 0.6% with MQG off 1.0% and the Big Bank Basket up to $232.39 (0.3%). Insurers slightly better as REITS slid, SCG down 1.9% and SGP off 0.8%. Healthcare gave back some recent gains, CSL down 0.4% and RMD falling 1.7%. Industrials weaker, WES off 2.3% and WOW and COL in a hole too. Tech wrecked with WTC off 1.7% and XRO down 2.5%. Travel companies in trouble, FLT down 2.4% and QAN dropping 2.7% on Virgin news. LNW still under pressure. Retail also easier. LOV off 1.1%. Resources once again the place to be, BHP up 0.9% and the Three Amigos all doing well. Lithium stocks finding friends too, PLS up 0.6% and LTR up 2.6%. Gold miners in demand, EVN up 0.2% and NST up 0.7%. Uranium stocks also in demand as were oil and gas stocks. WDS up 3.1% and KAR up 7.5%. In corporate news, NAM looks to be done and dusted as LDC gained over 50% control. ANZ lost its court case. VVA posted a positive outlook statement. Nothing on the economic front. Asian markets mixed, HK back and flying. Property index up 15% and Japan down 1.9%. 10-year yields steady at 3.96%.

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