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By Ambar Warrick
Investing.com-- Australian shares of BHP Group Ltd (ASX:BHP) and Rio Tinto Ltd (ASX:RIO), the biggest miners in the world, fell sharply on Monday after China signaled that it will not soften its zero-COVID policy, potentially indicating more headwinds for commodity markets.
Shares of both firms slipped about 3% each, while the S&P/ASX 200 benchmark index dropped over 1%. China is a major market for their copper and iron ore exports, and saw a sharp drop in demand this year as ...
>>> Read more: BHP, Rio Tinto Slip on China COVID Pain; Q3 Production Awaited
Investing.com-- Australian shares of BHP Group Ltd (ASX:BHP) and Rio Tinto Ltd (ASX:RIO), the biggest miners in the world, fell sharply on Monday after China signaled that it will not soften its zero-COVID policy, potentially indicating more headwinds for commodity markets.
Shares of both firms slipped about 3% each, while the S&P/ASX 200 benchmark index dropped over 1%. China is a major market for their copper and iron ore exports, and saw a sharp drop in demand this year as ...
>>> Read more: BHP, Rio Tinto Slip on China COVID Pain; Q3 Production Awaited
