The ASX has nosedived through early Friday trade today, dropping as much as 1.3% to below the 8,000-point mark and extending a three-day red streak.

Real Estate and IT were among the hardest hit, losing 2.49% and 2.2% respectively.

Financials has also been led lower by a sagging Commonwealth Bank, with the sector dropping 2.08%. Similarly, Communication, down 1.47%, and Energy, down 1.17%, are seeing rough ends to Week 10.

Only Staples, which is a hair above flat at +0.3%, has stayed positive.

Polynovo Limited (ASX:PNV) has been by far the most watched on HotCopper forums today with more than 11.9K views on its update. In that release, the company responded to – and at the same time confirmed – recent “media speculation” that CEO Swami Raote had been asked to step down from his leading role.

Also trending has been Insignia Financials (ASX:IFL) following Brookfield pulling out of the $3.4 billion bidding war; Bain and CC Capital are still in the race.

And rounding out the most discussed was Murchison-based Meeka Metals (ASX:MEK), which landed a new shallow high-grade gold zone at its Turnberry South project.

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