In war news today:

  • The death toll in the beseiged Ukrainian city of Mariupol has topped 2500, according to an adviser to President Volodymyr Zelenskyy’s office.
  • China has decided to send economic aid to… Russia. After the US warned China not to help Russia, and
  • Some 40,000 Syrians have signed up to fight for… Russia.

Meanwhile in Australia:

Welcome back, Sydney.

Yes, for three nights in April, Sydneysiders at Nelly Robinson’s nel. Restaurant will pay $75 to sit down and wring each others’ hands over the situation in Kyiv before tucking into KFC dusted with gold.

“Biden really, really should do something.”

“Oh yah. He definitely should do something. Pass the Gravy Candle and Supercharged Wings.”

Looks like we’re finally getting those freedoms we sacrificed to Covid lockdowns back. If Sydney can rebound from a brutal couple of years without 11-course KFC themed degustation menus, so can you, Ukrainians! (Sending big love.)

Anyhoo. In China, equities continued a grim rout, notching up their worst declines since 2008.

Hong Kong’s Tech Index lopped 11% off its value – the worst decline since the index began mid-pandemic in July 2020.

Christian Edwards is here, wondering how much more pain China’s equity markets can take.

The NASDAQ took a big hit too, down 2.04% and leading the (marginal) losses across all US markets, with the headline move being the S&P 500 printing its first death cross in two years. Goldman Sachs knocked its year-end price target for the S&P down to 4700 from 4900, cut its US GDP forecast and upped the chances of a US recession next year.

Europe’s markets were largely green.

The ASX reacted accordingly, although not alarmingly, with the ASX200 down 0.77% (55.20 points) at midday. It still managed to cross above its 20-day moving average during the session.

It’s down 4.71% for the year to date.

Here are the big winners and losers:

 

ASX SMALL CAP WINNERS

Here are the best performing ASX small cap stocks for March 14 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

Roots (ASX:ROO) got a little bump after signing a deal with US ag supplier GroPro Hydro to sell its Root Zone Temperature Optimisation get-up.

GroPro Hydro will offer the system in Oklahoma, the largest medicinal cannabis market in the US on a per capita basis.

Kincora Copper (ASX:KCC) was up 17% on news it reckons it’s close to a porphyry motherlode, announcing a “new geological discovery” at the ‘Trundle Park’ prospect, part of the ‘Trundle’ project in the Lachlan Fold Belt of NSW.

And Clinuvel Pharma (ASX:CUV) led health stocks, releasing positive preliminary results from its pilot study in arterial ischaemic stroke (AIS).

 

ASX SMALL CAP LOSERS

Here are the worst performing ASX small cap stocks for March 14 [intraday]:

Swipe or scroll to reveal full table. Click headings to sort:

Most of the big nickel miners were down this AM as the world waits for the London Metals Exchange to reopen tonight, after the world’s largest producer Tsingshan and its bankers broke the market a week ago.

More on that from Josh Chiat here, and if you’re looking for a speculative buy, here’s all the detail on all the ASX producers and all the near-term players you need.

That’s three “alls”, so you know it’s good. Now go dip your expensive buns.