ASX enters correction; tech, healthcare, consumer stocks dive

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Australian shares are down 2.8 per cent, or 197.1 points, to 6764.5, placing the S&P/ASX 200 in a correction. The benchmark is down 11.4 per cent from its August highs. Follow the latest here.

Australian shares have faded from their early highs, with the benchmark index down 0.2 per cent. It was up as much as 1.2 per cent earlier.

Evolution Mining is down 9.5 per cent to $3.53, Silver Lake Resources is 7.3 per cent lower at $1.55 and Northern Star Minerals has dropped 5.3 per cent to $8.79. Oil markets rallied alongside a broader market rebound while rising tensions in the Russia-Ukraine conflict caused jitters in the market about potential supply disruptions.

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Why is so extreme negativity to something already was known !!it’s not like such an unexpected events feel like big boys manipulated the market as usual for their benefit on the back of our backs

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