The ASX200 fell for the 3rd straight day, with financials and materials the biggest losers. Gold stocks such as NCM and LGL rose on the back of stronger gold prices.
Currently the ASX200 is down 73 points or 2.1%. BHP is off 4% and RIO which was down the same, has recovered slightly at -1.4%. Both on the back of weaker commodity prices, which saw the CRB Incex at 6 year lows.
The banking sector saw loses across the board, with WBC and Macquarie bank fairing the worst at -2.2% and 4.1% respectively.
In Tokyo the Nikkei is down 1.2%, with banking stocks, Mitsubishi UFJ -2%, Sumitomo Mitsui -3.7%. Real estate stocks were also down, along with blue chip stocks such as Sony -3.3% and Canon -2%. Obayashi Corp, a construction firm was up 6.2% on hopes that the goverment efforts would shore up the ailing economy, may lead to more works projects.
All eyes on Wall St tonight to see if November lows will be broken.