Rate hike fears setting in as shares tumble - a podcast by ausbiz

The S&P/ASX200 closed lower Thursday, dropping 18 points or 0.25% to 7,430, falling away in late trade after setting a new 20-day high.

The chill wind of higher interest rates and falling commodities driving losses across the local market.

Today's ultra-laggard was Pointsbet Holdings (PBH) might be making money, but not fast enough - quarterly negative cash flows almost topping $40 million. Despite impressive growth across several metrics, PointsBet continues to burn through cash shedding 17% while uber-gainer, Evolution Mining (EVN) closed the circle, rising almost 14%.

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