The ASX 200 fell 175 points, or 2.0%, to 8,614 on Thursday, ending a three-session winning streak and recording its lowest close since mid-June. Selling spread across energy minerals, logistics, transport and financial stocks as rising U.S. Treasury yields, persistent inflation and concerns about further Reserve Bank tightening weakened sentiment. Analysts warned that continued rate increases could fuel Australia’s worst property downturn in three decades. August’s trade surplus also narrowed to a three-month low as imports grew faster than exports. Suncorp Group fell 7.4% after denying takeover discussions with Japan’s Tokio Marine Holdings. Earlier, the insurer had told the ASX that it was not in takeover talks and had received no offer, following a share-price rise to A$20.18 and increased trading volume. U.S. stock futures limited the market’s losses as traders awaited Friday’s U.S. monthly jobs reports.