The Aussie market plummeted today following the huge sell-off on Wall Street overnight.
Wall Street's slide was in response to soaring Italian bond yields, which have now climbed to dangerous levels.
Among the major banks, ANZ suffered a 5.7% fall, while NAB dropped 4.8%, both after going ex-dividend.
The big miners were hard hit with BHP losing 2.2%, and Rio Tinto shedding 2.6%. Fortescue copped the heaviest punishment, sinking over 8.0%.
In the energy space, Nexus defied the negative trend with staggering 14.6% climb.
The ASX 200 slumped 102 points (-2.4%) to close on 4244.
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Evening Market Analysis: Afternoon Bounce is a post from: Australian Stock Report Market Pulse Blog