Fortescue share price slides to A$21 as miners retreat — what to watch before ASX reopens
Fortescue Ltd shares fell 2.7% to A$21.00 on Friday, leading a sharp drop in Australian miners as the sector’s sub-index slid 3.5%. The ASX benchmark closed down 0.7%. Rio Tinto lost 3.5% and BHP Group dropped 1.8%. Traders are watching next week’s Reserve Bank of Australia meeting, with markets expecting a rate hike.