The S&P/ASX 200 Index (INDEXASX: XJO) came crashing back to earth on Tuesday as it plummeted 2.19% lower.
The ASX 200 closed at 6,712.30 points while the All Ordinaries Index (INDEXASX: XAO) dipped 2.11% to 6,818.40 points.
That’s the biggest one day decline for the benchmark Aussie index since August 2016 as the United States’ trade threats hurt markets.
Here are 3 things you might have missed on another big day of trade as Aussie equities cooled off from their record highs.
1. Avita Medical shares smashed 9.45% lower
The Avita Medical Ltd (ASX: AVH) share price was hammered 9.45% lower on the ASX 200 on Tuesday.
The Aussie medical group’s shares were in near-freefall despite no market sensitive announcements in yesterday’s trade.
Despite this, Avita shares are up an astonishing 625% since the start of the year, so yesterday’s slump is nothing more than a minor speed bump.
2. ASX 200 miners held their own on Tuesday
While there were many ASX 200 stocks slumping lower on Tuesday, the Aussie miners did alright.
Evolution Mining Ltd (ASX: EVN) led the ASX 200 gainers yesterday while Silver Lake Resources Ltd (ASX: SLR) and Regis Resources Ltd (ASX: RRL) weren’t far behind.
Evolution jumped 1.50% to $4.07 per share while Silver Lake and Regis climbed 1.288% and 0.64% higher, respectively.
3. WAAAX stocks bear the brunt of US tariffs
The WAAAX tech stocks led the ASX 200 lower on Tuesday as concerns over US tariffs sent investors heading for the exit.
WiseTech Global Ltd (ASX: WTC) was the worst affected as its share price slumped 5.73% lower to $26.01 per share.
It was a similar story for Appen Ltd (ASX: APX) and Xero Ltd (ASX: XRO), which fell 3.56% and 3.11, respectively.
Afterpay Touch Group Ltd (ASX: APT) and Altium Limited (ASX: ALU) fared the best but still slumped 2.25% and 2.91% lower, respectively.
The WAAAX stocks are still significantly outperforming in 2019 but concerns over United States trade tends to hit their valuations hard.
The post 3 ASX 200 events you missed on Tuesday appeared first on Motley Fool Australia.
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Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO. The Motley Fool Australia owns shares of Altium, Appen Ltd, WiseTech Global, and Xero. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2019