The S&P/ASX 200 index slumped as much as 1.4% to 6,602.6 by 0040 GMT, to hit its lowest level since July. Financials led the laggards, shedding about 1.8% and losing for the sixth straight week. Miners provided some respite to an otherwise negative benchmark, rising nearly 1%, as iron ore prices rebounded in China upon higher demand for the steel making ingredient. The major mining trio Rio Tinto, BHP Group and Fortescue Metals rose in the range of 0.4%, after the miner said it would would. invest about $1.13 billion to develop the. West Musgrave copper-nickel project in Western Australia. . . .
Read more at www.brecorder.com