Just checked the Australian stock market news and it's looking pretty rough out there. The ASX 200 is getting hammered, down over 3.5 percent and sitting below 8,600 as we head into mid-week trading. This selloff is extending what's already been a brutal three-day losing streak, and it seems like the negative vibes from Wall Street are still weighing on things. The Middle East tensions are definitely spooking investors across most sectors. Financials are taking a beating, miners are getting crushed, and tech stocks are getting absolutely wrecked. The big four banks like Westpac and Commonwealth are all down roughly 4 percent each. Mining names are even worse - BHP and Mineral Resources are sliding over 6 percent, Rio Tinto is off more than 5 percent. Tech is a bloodbath too, with Appen down over 7 percent and Zip tumbling nearly 10 percent. The only real bright spot in this Australian stock market selloff is energy, where oil prices are spiking. Santos is up almost 3 percent and Beach Energy is gaining around 2 percent. Crude strength is basically the only thing keeping things from being a complete disaster. The Aussie dollar is sitting at 0.699 as well. Pretty gnarly day for the market overall.