End of Day Report – Wednesday 16 October: ASX 200 falls 34 points | Gold shines

ASX 200 closed 34 points down at 8285 (-0.4%) as China steadied. Normal service has been resumed, Banks up and resources down. Lithium stocks were hit hard after some downgrades from Macquarie. PLS off 3.6% and MIN down 2.3%. Oil and gas mixed after WDS reported quarterly better than expected. Big iron ore fell a little after RIO -1.1% missed expectations on ore shipments, BHP down 1.1%, and FMG was unchanged. Gold miners were the superstars, EVN up 6.8% on a good quarterly report. NST ...