Miners crunched on ASX

A HORROR day for the resources sector as iron ore’s decline and gold’s drop were catalysts for across the board selling and an overall loss for Metals & Mining of about 4.5%.

Miners crunched on ASX Miners crunched on ASX Miners crunched on ASX Miners crunched on ASX Miners crunched on ASX

Image: iStock/KOEUTH PHEAP

Headlining the selling was pure iron ore play Fortescue Metals Group, which lost as much as circa 12% during the session as the iron ore price closed in on the US$100/t mark.

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