ASX 200 plunges: 17 shares you should have been watching

The gold miners were on the nose after the US Federal Reserve hiked interest rates.

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The local share market tanked today, led lower by the major banks and miners as well as several other blue-chip shares.

Here's a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.8% to 5538 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.8% to 5595 points
  • AUD/USD at US 74.20 cents
  • Iron Ore at US$79.18 a tonne, according to the Metal Bulletin
  • Gold at US$1,142.45 an ounce
  • Brent oil at US$53.93 a barrel

BHP Billiton Limited (ASX: BHP) and Rio Tinto Limited (ASX: RIO) shed 1.8% and 1.4%, respectively, after the iron ore price fell more than 5%.

BHP's spin-off South32 Ltd (ASX: S32) also shed 3.5%, while Telstra Corporation Ltd (ASX: TLS) and Wesfarmers Ltd (ASX: WES) declined 1.6% and 0.9%.

Commonwealth Bank of Australia (ASX: CBA) and Westpac Banking Corp (ASX: WBC) were the worst of the banks. They slipped 0.7% and 0.3%, respectively.

Elsewhere, Santos Ltd (ASX: STO) tanked 10.7% following its capital raising and Sky Network Television Ltd (ASX: SKT) shed another 4.2%.

Crown Resorts Ltd (ASX: CWN) shares entered a trading halt after it said it would sell Melco International.

Poultry business TEGEL GRP FPO NZX (ASX: TGH) plunged 18.1% on its earnings report, with rival Inghams Group Ltd (ASX: ING) down 0.6% as well.

The gold miners suffered some huge losses today. Troy Resources Ltd (ASX: TRY) plunged 34.7% following an operations update. Newcrest Mining Limited (ASX: NCM) and Regis Resources Limited (ASX: RRL) also crashed 5.2% and 8% after the US Federal Reserve hiked interest rates overnight.

On a more positive note, QBE Insurance Group Ltd (ASX: QBE) gained 1.5% and Myer Holdings Ltd (ASX: MYR) lifted 2.3%.

Here are Thursday's top stories:

  1. Why shareholders of Inghams Group Ltd are freaking out today
  2. 10 dividend shares I'm tipping to shine in 2017
  3. Australian Dollar (A$) plummets: 3 shares to profit now
  4. What higher US interest rates means to Aussie investors
  5. Crown Resorts Ltd sells Macau & shareholders can expect a big payday
  6. Why I think Sirtex Medical Limited shares are a clear sell
Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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 Bruce Jackson.

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