Best and worst stocks on the ASX at midday

ASX sinks 0.9% as US Fed continues tapering

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The S&P / ASX 200 Index (Index: ^AXJO) (ASX: XJO) has dropped 0.9%, following the lead of US markets, after the US Federal Reserve announced another US$10 billion drop in its stimulus program.

Overnight, the Dow Jones fell 1.2%, while the S&P 500 lost 1% and the NASDAQ was down 1.1%.

Here are the top five best performing stocks in the index today.

  • Resolute Mining (ASX: RSG) up 5.7% at 55.5 cents
  • Beadell Resources (ASX: BDR) gained 4.5% to 73.7 cents
  • Silver Lake Resources (ASX: SLR) rose 3.4% to 61.5 cents
  • Evolution Mining (ASX: EVN) added 3.3% to 63 cents
  • Northern Star Resources (ASX: NST) rising 1.9% to 91.2 cents

These stocks are among the biggest losers.

  • Treasury Wine Estates (ASX: TWE) dropped 16.9% to $3.78
  • Skilled Group (ASX: SKE) fell 4.7% to $2.82
  • James Hardie Industries (ASX: JHX) lost 4% to $12.62
  • REA Group (ASX: REA) slipped 3.9% to $40.60
  • Village Roadshow (ASX: VRL) also losing 3.9% to $7.12
Motley Fool writer/analyst Mike King owns shares in Beadell Resources, Silver Lake Resources. You can follow Mike on Twitter @TMFKinga

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