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The ASX200 has been down 0.9% at 8,088 points.
The local index has fallen to its lowest level since September and banks and financial services stocks have led the market lower. Most notably, Macquarie (ASX: MQG) has shed 3.5% in afternoon trade.
The Financials sector has been the poorest performer, down 1.7%, followed by Health Care, down 1.2%, and Discretionary, down 0.8%.
Energy is the one and only sector in the green, up 0.7%.
Company News
Yandal Resources (ASX:YRL) has been up 8.6% after kicking off follow-up drilling at the emerging Siona gold discovery. The 12-hole, 2,500 metre reverse circulation program will look to confirm the geometry and test the extent of mineralisation.
Yandal Resources has been 31.5 cents.
Australian Silica Quartz (ASX:ASQ) has been up 31% on reports of shallow high-grade gold hits at its Golden Wishbone prospect at the Koolyanobbing Metals Project in WA.
Australian Silica Quartz has been 4.2 cents.
Origin Energy (ASX:ORG) has been up 0.31% after Citi analysts retained their buy rating and $11.00 price target on the energy giant’s shares.
Origin Energy has been $9.66.
