AU Evening Wrap | Global Selloff: ASX Plunges 3.7%, Nikkei Tanks Post-BOJ Hike

All 11 sectors finished deeply in the red, with the heavyweight financials' 5.0% fall making for its worst day since June 2020. Every sector stock lost ground, with banks ANZ, NAB, Westpac and Commonwealth shedding between 4.5% and 5.7%. Tech stocks fared even worse, with Xero, WiseTech and Life360 losing between 5.55% and 9.05%. The ASX 200 has lost 5.7% since closing Thursday at a record, marking its worst two-day decline since the Covid-19 pandemic roiled global markets in March 2020.

The ASX had its worst session in over four years, plummeting 3.7% and extending a two-day loss to 5.5%. The sell-off, triggered by disappointing US jobs data and rising recession fears, impacted all sectors. Despite this, ResMed and Domino's Pizza emerged unscathed, with ResMed rising 2.9% and Domino's gaining 0.8%.