The ASX 200 finished lower by 0.37% today, extending its loss for the week to over 1%.

Local stocks fell following broad-based selloff on Wall Street overnight triggered by the US inflation data, which rose at a pace not seen since the early 1990s.

Prices in the US jumped 6.2% from a year ago, the highest increase in three decades and fuelling concerns that rates might be hiked soon.

The local market was also spooked by the release of Australian unemployment data, which showed the economy shed more than 46,000 jobs in October.

The jobless rate in Australia rose from 4.6% in September to 5.2% in October, according to the ABS.

Miners were the clear winners today, with the sector rising by more than 2.5% helped by the 9% jump in Fortescue shares.

The Tech sector was the worst performer today, down by almost 3% following Xero’s downbeat results and the fall in in Nasdaq overnight.

BIG CAP WINNERS

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Code Name Price % Change Volume Market Cap
AVZ AVZ Minerals Ltd 0.55 11.1% 21,455,255 $1,592,995,477
NVX Novonix Limited 9.02 10.4% 5,035,811 $3,942,547,570
CHN Chalice Mining Ltd 9.98 9.3% 7,062,113 $3,222,325,583
FMG Fortescue Metals Grp 15.49 8.5% 20,537,075 $43,967,619,029
DEG De Grey Mining 1.25 8.2% 10,837,324 $1,624,419,171
RRL Regis Resources 2.155 7.2% 8,247,448 $1,517,101,183
MIN Mineral Resources. 39.22 5.9% 1,036,447 $6,996,900,318
GOR Gold Road Res Ltd 1.54 4.8% 7,143,031 $1,296,246,060
EVN Evolution Mining Ltd 4.13 4.6% 8,096,125 $7,240,110,014
NST Northern Star 10.6 4.5% 6,320,994 $11,809,157,558
RMS Ramelius Resources 1.73 4.5% 7,548,311 $1,349,709,990
PRU Perseus Mining Ltd 1.725 4.2% 4,157,080 $2,030,634,638
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Fortescue (ASX:FMG) shares were up by 9% after comments from CEO Elizabeth Gaines who said that Fortescue Future Industries, the company’s renewables subsidiary, had spare cash to spend on renewables investments.

Another resources play that caught a bid today was Chalice Mining (ASX:CHN), which was up another 10% following its 32% over the last two days following the largest PGE discovery in Australian history.

Both Novonix (ASX:NVX) and AVZ Minerals (ASX:AVZ) were both up by more than 10% on no news.

BIG CAP LOSERS

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Code Name Price % Change Volume Market Cap
NEA Nearmap Ltd 1.895 -11.9% 9,240,110 $1,070,251,656
LTR Liontown Resources 1.645 -11.8% 26,532,870 $3,564,347,682
XRO Xero Ltd 138.39 -6.0% 569,002 $21,885,400,034
PDN Paladin Energy Ltd 0.955 -5.0% 14,514,555 $2,691,631,172
Z1P Zip Co Ltd. 5.72 -4.8% 10,787,420 $3,429,202,971
APE Eagers Automotive 13.8 -4.4% 497,406 $3,710,114,051
360 Life360 Inc. 12.32 -4.3% 410,549 $2,008,184,556
RHC Ramsay Health Care 69.25 -4.2% 943,906 $16,538,992,003
ORI Orica Limited 14.715 -4.1% 1,085,329 $6,255,326,070
SGP Stockland 4.34 -4.0% 5,979,889 $10,790,015,912
NAN Nanosonics Limited 5.79 -3.8% 678,590 $1,816,229,756
CCX City Chic Collective 6.15 -3.6% 296,366 $1,479,650,149
NUF Nufarm Limited 4.98 -3.5% 1,105,002 $1,960,320,719
AEF Australian Ethical 13.79 -3.4% 123,876 $1,604,888,331
WTC Wisetech Global Ltd 53.5 -3.4% 269,131 $17,999,816,889
DOW Downer EDI Limited 5.96 -3.4% 2,495,810 $4,253,173,720
INR Ioneer Ltd 0.73 -3.3% 6,614,949 $1,547,795,030
SCP SCA Property Group 2.78 -3.1% 3,104,572 $3,186,254,341
MGR Mirvac Group 2.79 -3.1% 6,936,626 $11,354,884,597
BPT Beach Energy Limited 1.25 -3.1% 11,527,942 $2,942,920,416
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Aerial imagery tech company, Nearmap (ASX:NEA), was down 12% after its AGM, despite announcing an upbeat FY22 outlook and plans to boost contract values by 11% to 19%.

Software company Xero (ASX:XRO), meanwhile, dropped almost 6% after reporting a drop in profits despite increasing revenues. Xero’s revenues were up by 23% to NZ$505.7m for the first half, but its EBITDA was down 19% to NZ$98m.

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