Pulse

ASX200 ~8911 (Wed close; Thursday quote feed failed). Risk-off day Thursday: BHP 63.44 (-1.8%), PDN 11.37 (-3.1%), DYL 1.57, BOE 1.54 — uranium names hit hard overnight, sits alongside a broad selloff, not a single-stock story.

Closed lower: 700 425.6 (-1.9%), 9988 106.9 (-2.6%), 3690 74.75 (-3.9%), 1810 25.92 (-1.7%).

Broad overnight selloff: SPY 757.8 (-0.6%), QQQ 708.7 (-1.1%); TSLA 363.6 (-1.2%), NVDA 218.4 (-2.3%) — Nasdaq the weakest pocket, yields / rates pressure.

Gold off high, GLD 396 (-1.7%), TLT 81 (-1.2%) — looks like rates up / liquidity tighten rather than a shock; defensives and bonds not catching a bid, worth watching whether that means yields or de-risking.

De-risking day, not a crisis — no commodities headlines, no rate shock. Notable is gold and bonds falling together, which mirrors US 10y selling off alongside risk. Desk rules say respect the ultra deep inputs: if closes below the -4% lines become a confirmed pattern, execute per book.