It was the final session before Christmas, and all through the bourse, ASX shares tumbled. The S&P/ASX 200 Index (ASX: XJO) plummeted 0.63% on Friday to close the week at 7,107.7 points. That marks a 0.57% week on week fall.
Today's slump followed a similarly dire session on Wall Street. The Dow Jones Industrial Average Index (DJX: .DJI) fell 1%, the S&P 500 Index (SP: .INX) dropped 1.5%, and the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) plunged 2.2% amid the release of positive economic data.
The United States' gross domestic product rose to an annual rate of 3.2% in the third quarter, according to the third estimate from the Bureau of Economic Analysis. The findings sparked fears of further rate hikes, Reuters reports.
It's probably no surprise then that the rate-sensitive S&P/ASX 200 Information Technology Index (ASX: XIJ) led today's downturn. It fell 1.6% with Novonix Ltd (ASX: NVX) coming in as its worst performer.
The S&P/ASX 200 Energy Index (ASX: XEJ) also plunged 1.1% on the back of a rough night for oil prices. Meanwhile, the S&P/ASX 200 Utilities Index (ASX: XUJ) outperformed all other sectors, gaining 0.2%.
Fortunately, however, not all ASX 200 shares were caught up in the sell off.
Image source: Getty Images
Top 10 ASX 200 shares countdown
The index's top performing share today was TPG Telecom Ltd (ASX: TPG). Its gains came amid a bullish brokers note tipping it to gain another 11% to trade at $5.50.
Today's biggest gains were made by these shares:
| ASX-listed company | Share price | Price change |
| TPG Telecom Ltd (ASX: TPG) | $4.93 | 2.71% |
| Centuria Capital Group (ASX: CNI) | $1.78 | 2.3% |
| Cromwell Property Group (ASX: CMW) | $0.675 | 1.5% |
| Viva Energy Group Ltd (ASX: VEA) | $2.70 | 1.12% |
| News Corporation (ASX: NWS) | $27 | 1.09% |
| Coronado Global Resources Inc (ASX: CRN) | $2.05 | 0.99% |
| ResMed CDI (ASX: RMD) | $31.49 | 0.93% |
| Spark New Zealand Ltd (ASX: SPK) | $5.07 | 0.8% |
| Origin Energy Ltd (ASX: ORG) | $7.73 | 0.78% |
| Growthpoint Properties Australia Ltd (ASX: GOZ) | $3.12 | 0.65% |
Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.
