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Markets Live: Hawkish Fed takes its toll

Shares erase a fair chunk of yesterday's big gains, led down by the big miners after Wall St exuberance faded, while the Aussie drops below 76 US cents as the greenback rallies with US rate hike odds.

  • Gold stocks rack up more losses, putting the All Ords gold index on track for a 10% weekly loss
  • Snap surged 44 per cent in its stock market debut, but some analysts are calling it a 'sell'
  • The Aussie plunges below US76¢ mark amid growing expectations of a US rate rise this month
  • Another Fed governor flags a rates move 'soon', joining this week's chorus of Fed officials

Fairfax Media Australia

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