In the context of the brutal leads provided by international markets last night, the Aussie market is holding up fairly so far today.

The XJO originally slumped into a low of 4286 but has bounced back to currently be trading at 4310, just 25 points (-0.6%) underwater.

The losses are widespread, with every sector currently underwater.

Materials, consumer discretionary and consumer staples stocks are the worst performers, whilst utilities and healthcare are the best of a bad bunch.

In company news, Insurance Australia Group is up 0.3%, after completing its $NZ380 million take-over New Zealands's AMI Insurance.

Around the region, Asian markets are all weaker; the Hang Seng (-1.2%) and Nikkei (-1%) are amongst the hardest hit.

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Midday Market Commentary: Market Holding Up is a post from: Australian Stock Report Market Pulse Blog