ASX heavyweights BHP and Rio Tinto fell heavily on overseas exchanges after iron ore suffered a second-straight 4%+ setback in China. A day after its biggest one-day drop in nearly two years, benchmark ore on the Dalian Commodity Exchange sank 4.37% to US$98.79 a metric ton.
Prices tumbled on Monday after weekend data showed factory activity contracting at the fastest pace in six months. BHP skidded more than -5% in US trade overnight. Rio dropped -4.63%.
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$41.64 |
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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24 | 3149 | $41.63 |
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25 | 7738 | 41.690 |
17 | 4546 | 41.680 |
12 | 3476 | 41.670 |
11 | 4314 | 41.660 |
Price($) | Vol. | No. |
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41.710 | 2623 | 21 |
41.720 | 5019 | 18 |
41.730 | 4320 | 20 |
41.740 | 3688 | 13 |
41.750 | 6016 | 16 |
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