Australian shares have retreated as much as 1% today, down by more than 80 points, following panic in the U.S. sparked by Trump’s recession comments.

Tuesday’s sharp losses hit Technology the hardest; the laggard sector has lost 4.9% to lunchtime today. Discretionary lost 2.1% while Healthcare, down -1.9%, and Industrials, which lost -1.8%, followed in the red trends.

Only Utilities, up +0.7%, and Energy, which has added +0.7%, have been in the green.

Among the most watched companies on Hotcopper forums today is Hot Chili Limited (ASX:HCH) after the explorer’s non-executive chair Nichole Adshead-Bell and non-executive director Stephen Quin tendered their resignations.

HCH shares have dropped as much as 5.8% after that leadership news.

4DMedical Ltd (ASX:4DX) has also been heavily discussed; the medical tech company just locked in a three-year extension with Cleveland Clinic in the U.S.

Through this morning, 4DMedical has dipped slightly, to 38cps.

And finally, BluGlass Ltd (ASX:BLG) has caught eyes on the forum – though its price has stayed flat at 1.9c – after the company suggested it had found a way to clock the “highest known performance” of a gallium nitride laser.

That’s HotCopper’s Market Update – we’ll see you later for Market Close.

More market news

Together: The U.S. has suspended aid to Ukraine. Will Europe step into the breach?

Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst

Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.