Good afternoon,

The ASX 200 suffered its worst day in almost two years, dropping 2.1 per cent to 7943.20 points with all sectors red.

There has been fiery evidence and revelations aplenty from PwC CEO Kevin Burrowes, former chiefs and general counsel as well as independent reviewer Ziggy Switkowski at the parliamentary committee. Live coverage highlights here.

The local boss of confectionery giant Mars says it is facing ‘unprecedented’ inflationary pressures but as times get tough, consumers want to know it is doing the right thing which has led it to Uttar Pradesh, India.

And the controversial reverse mortgage is staging a bit of a comeback, which comes with risks for asset-rich, cash-poor retirees, and their kids.