Here are the top ASX large cap movers for Thursday

The ASX is all wrong on Thursday.

The benchmark index fell almost 3% by lunch.

It entered official, technical correction territory at about 1pm Sydney time, making it 11% worth of all wrong since its August highs, those many years ago.

Tech stocks: all wrong by 5.1%.

Healthcare: all wrong by about 4%.

At the close the S&P/ASX200 was still sharply lower, shedding 125 points or 1.8% to a shiny new 100-day low.

Blame Federal Reserve chair Jerome Powell’s promises of a March interest-rate bonanza, blame the canary in the gold mine – Evolution Mining (ASX:EVN) in this case (the WA digger is the wrong side of 12% wrong).

Elsewhere, Woodside Energy (ASX:WPL) says it’s done with Myanmar in the wake of last year’s military coup.

Woodside put a pin in its interests there last year and the energy major says Myanmar’s deteriorating human rights situation has only made its remaining petroleum deals even less interesting than before.

The energy major expects it’ll be copping a near $200 million hit.

BIG CAP WINNERS

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Code	Name	Price	% Change	Volume	Market Cap
BPT	Beach Energy Limited	1.415	8.4%	20,331,511	$2,977,140,421
AST	AusNet Services Ltd	2.58	4.5%	19,840,505	$9,460,012,280
PTM	Platinum Asset	2.45	3.8%	5,699,715	$1,384,562,204
LKE	Lake Resources	0.865	3.6%	13,810,556	$1,020,620,594
STO	Santos Ltd	6.93	3.1%	17,264,241	$22,760,113,387
NHC	New Hope Corporation	2.25	2.7%	2,756,087	$1,822,862,010
CIA	Champion Iron Ltd	5.84	2.6%	2,298,273	$2,881,938,774
WSA	Western Areas Ltd	3.54	2.6%	4,517,262	$1,109,668,885
IFT	Infratil Limited	7.18	2.6%	55,040	$5,076,220,625
S32	South32 Limited	3.83	2.4%	28,614,495	$17,390,741,016
EBO	Ebos Group Ltd	36.2	2.4%	68,138	$6,671,543,969

Amid a sea of red, energy stocks ruled the roost as oil prices stay elevated — a key input for the upward pressure on supply-side inflation which is helping to drive down broader markets.

ASX oil producer Beach Energy (ASX:BPT) was the standout, gaining 8% in Thursday trade. BPT was accompanied by solid gains for Santos (ASX:STO), which closed 3.1% higher.

BIG CAP LOSERS

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Code	Name	Price	% Change	Volume	Market Cap
DEG	De Grey Mining	1.15	-11.5%	9,044,254	$1,828,350,583
EVN	Evolution Mining Ltd	3.46	-11.3%	18,820,732	$7,148,729,964
SLR	Silver Lake Resources	1.495	-10.7%	10,300,123	$1,483,154,202
CDA	Codan Limited	8.81	-9.9%	1,639,747	$1,769,044,884
WTC	Wisetech Global Ltd	43.43	-9.6%	1,512,313	$15,676,770,122
MP1	Megaport Limited	13.39	-9.5%	1,785,040	$2,335,259,188
Z1P	Zip Co Ltd	2.91	-9.3%	14,240,650	$1,890,159,978
GQG	GQG Partners	1.475	-8.4%	3,087,121	$4,754,016,749
SDR	Siteminder	5.41	-8.3%	139,132	$1,603,400,278
NST	Northern Star	8.51	-8.3%	9,028,757	$10,807,591,927
HMC	Homeco Limited	6.38	-7.8%	432,745	$2,008,643,177
REA	REA Group	135.65	-7.8%	257,739	$19,430,479,104
IEL	Idp Education Ltd	27.61	-7.5%	1,399,816	$8,308,335,898
ALU	Altium Limited	34.34	-7.4%	546,187	$4,873,558,499
360	Life360 Inc.	7.07	-7.2%	1,405,099	$1,395,078,592
XRO	Xero Ltd	104.31	-7.0%	852,031	$16,717,307,930
OCL	Objective Corp	14.98	-7.0%	124,549	$1,522,437,224
CTT	Cettire	2.75	-6.8%	1,200,535	$1,124,652,749

Gold stocks across the ASX came under major pressure on Thursday — possibly reflective of the rise in real yields as bond yields rose again overnight and during the Asian session.

Leading the laggards was former junior explorer, now – +$1bn market cap gold play De Grey Mining (ASX:DEG) -which fell more than 10%.

It was also a rough session for Evolution Mining (ASX:EVN). Stockhead’s Josh Chiat has more on that here.