A bifurcated session for the local market, characterised by a bloodbath in the sectors that outperformed earlier this year. Miners and energy producers were taken to the woodshed and chopped up, succumbing to recession fears that have roiled so many other cyclical assets recently. The declines were brutal with South32, Sandfire Resources, Coronado Global Resources Champion Iron and St Barbara tumbling more than 8%. Even the biggest and best didn’t escape the carnage with Rio Tinto shedding 7.4%, BHP 5.8% and Woodside Energy 6.9%. After the dust settled, the S&P/ASX 200 scorecard revealed a drop of 0.52%, or 34.8 points, to 6594.5.

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