Miners punished after metals sell-off

RESOURCE stocks were the worst performers today, sending the ASX lower.

Miners punished after metals sell-off Miners punished after metals sell-off Miners punished after metals sell-off Miners punished after metals sell-off Miners punished after metals sell-off

Metals & Mining dropped 3.4% to be the worst-performing sub-sector today, though energy stocks were also sold off.

Plus-4% falls in BHP Billiton and Rio Tinto were partially to blame.

Only gold miners were in positive territory, which must be a nice change for them after being sold off in recent weeks.

The broader S&P/ASX 200 dropped by 0.3% with positive gains outside resources not enough to keep the index in positive territory.

Iron ore took a hit overnight and so did stocks in the sector today.

Mount Gibson Iron was down by 7%, while Fortescue Metals Group, Atlas Iron and BC Iron were all around 5% worse off.

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