The ASX 200 slumped just after opening as the news that Donald Trump’s top economic advisor Gary Cohn had resigned over proposed tariffs on steel and aluminium.
The Australian Bureau of Statistics also revealed that the nation’s economy grew by 0.4% in the December quarter and by 2.4% for the year, missing estimates.
The Metals & Mining index fell by 0.8%, as BHP and Rio Tinto lost 1% each.
Gold and copper were again the positive sectors.
Northern Star Resources shares hit a new all-time high of A$6.66, and closed at $6.63, taking its year-to-date gain to 8.7%.
Today’s close also sees Northern Star’s market cap hit $4 billion for the first time...