All hell broke loose overnight as some tech stocks crashed as interest rates plummeted following weaker US employment data.
Even though IO declined a lot in the overnight session, that needs to be seen in the context of the CNY/USD rate rising quite a bit so in USD terms there wasn't much change in the IO price.
Really the projected open loss on Monday is just sending these stocks back to where they were trading at on Friday:
Iron ore price, page-53523
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Last
$19.47 |
Change
-0.260(1.32%) |
Mkt cap ! $59.94B | |||
| Open | High | Low | Value | Volume |
| $19.65 | $19.65 | $19.37 | $126.0M | 6.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 24291 | 3 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |