Global markets tanked following the US rate cut decision, but can things be salvaged into 2025?

• ASX200: down 1.70%, 8,168

• GOLD: $2,626 US/oz

• BITCOIN: $162,865 AUD
  
  

• Tech stock falls were led by data centre operator Megaport, which dropped more than 10%, with Life360 down 3.8% and Xero dropping 2.6%

• Financials were lower - Commbank down 2.3%, Westpac sinking 2.4% and NAB falling 2.1%.

• Zip’s up-and-down run saw it losing 9% to $2.84.

• BHP, CSL, Wesfarmers, Fortescue, and Goodman Group were large cap stocks all down by more than 1%.

• Transurban managed to rise by 0.1% despite being made to pay $40 million to the operator of Melbourne toll road EastLink over ‘unjust fees’.

• And others escaping the carnage included QBE, Brambles, Coles and APA Group.