Miners impacted by Wall Street wobbles

INVESTORS got themselves in a right state after the big fall on Wall Street, with the Metals & Mining sector falling about 2.3% after being in an even worse state earlier in the day.

Miners impacted by Wall Street wobbles Miners impacted by Wall Street wobbles Miners impacted by Wall Street wobbles Miners impacted by Wall Street wobbles Miners impacted by Wall Street wobbles

That is compared to the ASX 200 showing a slump of 3.2%.

Still, the overall headline fall for miners could have been worse given the gold patch only fell about 0.7% as investors sought sanctuary anywhere they thought they could find it.

Meanwhile, on the basis that selling has sometimes been shown to be overdone in these sorts of scenarios, Final Call will today look at biggest losers – with emphasis on “sometimes”.

Unsurprisingly given their gains of late, it was those in the brave new investment spaces of rare earths, cobalt, lithium and graphite that felt most of the heat.

Hence Clean TeQ, Lynas, Pilbara, Galaxy, Syrah and Orocobre all took hits.

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