Here are the top ASX large cap movers for Wednesday

A last hour selloff saw the ASX 200 closing lower by around 1% today.

This followed a rocky session in New York overnight, where all major US stock market benchmarks fell sharply on the back of rising US bond yields.

The benchmark 10-year Treasury yield rose 4 basis points to 1.82%, its highest level in two years as traders begin to price in expected rate hikes by the Fed.

By sector, Tech was the worst performer on the ASX today, down by more than 2% following a similar slump on Nasdaq.

Financial and Healthcare sectors were also hard hit, each falling by more than 1% amid risk-off sentiment.

Energy however, was up 0.5% after oil prices jumped 1% overnight, with Brent crude trading at US$87 a barrel and inching nearer to its highest level since 2014.

The market is also still digesting Microsfoft’s acquisition of Call of Duty games developer Activision Blizzard in a deal worth $US68.7 billion, making Microsoft the world’s third-largest gaming company (behind Tencent and Sony).

In economics data released today, payroll jobs in Australia fell 0.1% in the month to 18 December, while the Westpac consumer sentiment slipped 2.1% in January amid the Omicron spread.

BIG CAP WINNERS

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Code	Name	Price	% Change	Volume	Market Cap
LKE	Lake Resources	0.945	6.8%	7,660,347	$1,080,663,731
AMP	AMP Limited	1	6.4%	16,289,079	$3,070,139,502
AKE	Allkem Limited	9.85	5.3%	3,329,570	$5,960,864,229
PLS	Pilbara Min Ltd	2.96	5.3%	18,262,864	$8,361,279,604
OCL	Objective Corp	19.58	5.2%	16,005	$1,759,638,803
KLS	Kelsian Group Ltd	7.25	4.2%	88,624	$1,520,057,374
VUK	Virgin Money Uk PLC	3.4	3.7%	1,281,855	$2,892,437,119
CTD	Corp Travel Limited	22.28	3.6%	291,531	$3,020,622,004
NVX	Novonix Limited	8.61	3.5%	2,229,301	$4,025,680,364
MIN	Mineral Resources	54.99	3.4%	476,005	$10,044,942,723
SEK	Seek Limited	33.75	3.3%	220,188	$11,562,572,607
EBO	Ebos Group Ltd	39	3.2%	3,633	$6,944,448,092
ACL	Au Clinical Labs	5.99	3.1%	225,738	$1,172,655,627
CIA	Champion Iron Ltd	5.43	3.0%	1,395,991	$2,669,212,187
PDN	Paladin Energy Ltd	0.855	3.0%	5,556,770	$2,223,437,177

Artificial intelligence chips developer Brainchip (ASX:BRN) was up another 12.7% today, after announcing a new US patent for “Event-based Classification of Features in a Reconfigurable and Temporally Coded Convolutional Spiking Neural Network.”

If you’re wondering what exactly Convolutional Neural Networks (CNN) are, apparently they are the dominant AI method used to process images.

The BRN share price has now rallied by 200% in the past 30 days.

Hub24 (ASX:HUB) also gained after reporting a second quarter which saw net inflows into the platform of $3.6bn.

This represents a 127% increase over the previous year’s quarter, and in total, funds under management is now $68.3 billion.

HUB24 provides clients with one stop platform to park investmtents which include super, pension, investment and insurance.

BIG CAP LOSERS

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Code	Name	Price	% Change	Volume	Market Cap
BPT	Beach Energy Limited	1.46	-10.2%	29,776,379	$3,707,167,191
AVZ	AVZ Minerals Ltd	0.735	-9.3%	35,168,674	$2,796,171,095
CHN	Chalice Mining Ltd	7.5	-9.1%	3,110,897	$2,928,943,661
SWM	Seven West Media Ltd	0.675	-8.8%	14,027,577	$1,176,687,497
ASM	Ausstratmaterials	7.84	-5.2%	396,603	$1,153,714,670
MGH	Maas Group Holdings	4.25	-5.1%	381,300	$1,317,206,791
FMG	Fortescue Metals Grp	21.59	-5.1%	11,028,776	$70,046,451,885
CXO	Core Lithium	0.755	-5.0%	20,884,245	$1,346,991,753
MIN	Mineral Resources.	48.64	-4.9%	1,962,964	$9,663,465,297
BRN	Brainchip Ltd	1.41	-4.7%	30,299,943	$2,537,255,973
TLX	Telix Pharmaceutical	5.83	-4.4%	1,263,418	$1,880,021,104
GQG	GQG Partners	1.52	-4.4%	638,485	$4,694,960,640
RMD	ResMed Inc.	32.6	-4.4%	1,110,137	$14,052,945,586
CIA	Champion Iron Ltd	6.8	-4.4%	2,232,463	$3,602,010,438
KAR	Karoon Energy Ltd	1.9	-4.3%	2,312,311	$1,104,392,247
NHC	New Hope Corporation	2.48	-4.2%	2,226,075	$2,155,804,842
CRN	Coronado Global Res	1.47	-4.2%	2,300,454	$2,573,356,476
PDN	Paladin Energy Ltd	0.695	-4.1%	8,489,890	$1,942,232,216

Data centre Megaport (ASX:MP1) plummeted 16% following an update this morning and amid general weakness in the Tech sector.

Megaport reported a quarterly increase of just 7% to $9.2m for its annual recurring revenue.

The company said however that after ongoing investments in people and technology, it’s well positioned to capture indirect channel opportunities coming into the second half of the financial year and beyond.