The Helia Group Ltd (ASX: HLI) share price fell off a cliff shortly after the market opened on Tuesday.

Helia shares dropped 19.1% to $4.70 in early trading, a dramatic decline on yesterday’s closing value of $5.81.

What’s going on with this ASX 200 financial share today?

Helia share price dives as broader market recovers

The S&P/ASX 200 Index (ASX: XJO) is rebounding on Tuesday after an approximate $90 billion wipeout yesterday.

The ASX 200 fell 3.2% after a 25% surge in the Brent oil price to nearly $120 per barrel as the war in Iran continued.

The market is recovering today after US President Donald Trump said it may all be over shortly, and the oil price retreated to US$89.

But today’s rising tide…