Markets @ Midday - Tuesday 13th of October - ASX -33pts, ARN, CTT, ID1

The ASX200 trading lower at midday, down 33 points, 0.4% lower to 87.49.

Broad-based selling pressure weighing on the index.

Tech and materials are the standout laggards.

Despite pockets of resilience in utilities and consumer staples named, this session follows a mixed Wall Street close overnight.

S&P 500 slipped 0.1% while the Nasdaq fell about 0.4% ahead of US earnings season kicking off.

We also saw... a Chinese semiconductor, a Chinese memory firm coming out saying that improved the ability for permanent storage on one of the memory devices, memory chips, and that's weighed on the semiconductor space in the US.

We also had the Reserve Bank of Australia September minutes published this morning showing the board is open to increasing the cash rate target further if required.

So that is weighed here locally through the morning session.

Looking across to some commodity moves, Brent crude trading down 0.6%, but still elevated 106 US a barrel.

Copper trading down 0.2%, $6.73 US a pound on the COMEX.

We've got iron ore trading 90 spot, 90 down about three basis points.

out of Singapore and then gold down about 0.2%, 41.61 US an ounce.

Some moves on the local sector space.

So top performing sector for today, utilities up 1.4%, consumer discretionary names up 0.5% and consumer stable names up 0.2%.

Those are the only three sectors higher today.

So we've got eight sectors trading lower, tech down 3%, materials down 2.5% and energy stocks off 0.7% across the board.