Winners and losers
There were only two sectors that managed to escape today's carnage with a rise.
But first, it was mining stocks that were hit the hardest today. The S&P/ASX 200 Materials Index (ASX: XMJ) was punished, crashing 3.09% lower by the end of today's trading.
Gold shares were no safe haven, with the All Ordinaries Gold Index (ASX: XGD) tanking 2.99%.
Consumer discretionary stocks were also punished. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) took a 2.8% tumble this Tuesday.
Tech shares didn't fare much better, illustrated by the S&P/ASX 200 Information Technology Index (ASX: XIJ)'s 2.17% dive.
Real estate investment trusts (REITs) had a day to forget, too. The S&P/ASX 200 A-REIT Index (ASX: XPJ) sank 2.05% lower this session.
Healthcare stocks didn't provide much cover either, with the S&P/ASX 200 Healthcare Index (ASX: XHJ) cratering by 1.41%.
We could say something similar for industrial stocks. The S&P/ASX 200 Industrials Index (ASX: XNJ) gave up 0.99% of its value today.
Communications shares were right behind that, as you can see from the S&P/ASX 200 Communication Services Index (ASX: XTJ)'s 0.93% slump.
Utilities stocks improved quite a bit on that. The S&P/ASX 200 Utilities Index (ASX: XUJ) had taken a 0.16% dip by the closing bell.
Financial shares were our last losers today, with the S&P/ASX 200 Financials Index (ASX: XFJ) sliding 0.13% lower.
Turning to the winners now, it was energy stocks that took the top spot today. The S&P/ASX 200 Energy Index (ASX: XEJ) saw its value spike 1.41% this session.
The other safe haven this Tuesday was consumer staples shares, as evidenced by the S&P/ASX 200 Consumer Staples Index (ASX: XSJ)'s 0.02% gain.
Top 10 ASX 200 shares countdown
Easily winning today's index race was financial stock Magellan Financial Group Ltd (ASX: MFG). Magellan shares rocketed a massive 21.87% this Tuesday to finish at $10.31 each.
This big jump followed news that Magellan would merge with its Barrenjoy Capital Partners affiliate.
Here's how the other winners pulled up at the kerb:
