Why did the ASX 200 fall about 2% today?

ASX today fell as a US tech-led selloff, firmer bond yields and a hawkish RBA tone drove de-risking. Higher discount rates hit valuations, especially in growth names, while funding costs and earnings risks rose. The result was broad selling across tech, banks and miners, wiping more than A$60 billion.

Which sectors were hit hardest in the selloff?

Technology led declines as higher yields pressured long-duration valuations. Banks fell on concerns about funding costs, bad debts and slower housing activity. Miners dropped with softer risk appetite and commodity signals. Defensives such as staples and utilities held up better, but most still finished lower on the day.

What should I watch before Monday’s open?

Watch US tech performance, Treasury yields, and any weekend earnings or macro headlines. Locally, focus on futures, company guidance and liquidity indicators. If leads stay weak, follow-through selling can hit high-beta names. A pullback in yields could support a relief bounce at the open.

How can investors manage risk after a sharp drop?

Use position sizing, staggered entries, and stop-loss levels. Keep a cash buffer and avoid leverage creep. Rebalance toward quality names with strong cash flow and solid balance sheets. Diversify across sectors and time, and review your plan so you can act calmly into further volatility.

Global Market Insights

ASX Today, February 07: Panic Selloff Wipes $60B as Tech, Banks Sink

ByDanny Kontos February 7, 2026February 7, 2026

ASX today, 7 February: The ASX 200 fell about 2% on Friday, erasing more than A$60 billion as tech, banks and miners slid. A US tech-led rout and a hawkish RBA tone hit risk appetite, pressuring valuations and funding costs. We outline what moved the market, where the pain was felt, and what to watch into Monday’s open. ASX today is about discipline: focus on earnings resilience, cash flow and balance sheets while volatility remains high. Stay patient, avoid chasing bounces, and let prices come to you.