Thanks @shovel40, @Fiji1, @uncleBuck, @JohnI and morning crew.
Half-time wrap:
Australian shares slumped to a three-and-a-half week low as risk aversion gripped global markets as they entered what has historically been their weakest month of the year.
The ASX 200 sank 105 points or 1.18% towards a fourth-straight loss. The Australian stock benchmark has fallen more than 175 points since the start of the month.
Gold was once again a bright spot following another record high for the yellow metal as investors bought havens. Standouts here included Bellevue Gold, Regis Resources and Genesis Minerals.
Rate-sensitive utilities dived almost 2% as the Australian bond market joined a global sell-off. The yield on 10-year Australian government bonds climbed to its highest in seven weeks. (Yields move inversely to price.)
The market added to its loss after stronger-than-expected economic growth figures dented the argument for a rate cut this month. Annual gross domestic product rose to 1.8% last quarter, versus an expected 1.6%.
September is the weakest month of the year in both Australia and the US, according to recent records. The ASX 200 has averaged a loss of 1.2% over the last 10 years. The S&P 500 has an average 10-year loss of 2%.
Overnight, the S&P 500 declined 0.69% as treasury yields rose in response to the threat that Donald Trump may have to rescind the tariffs he has made the centrepiece of his strategy to reduce government debt.
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