BUZZ-Aussie miners slide as Trump's China tariff threat subdues sentiment

Reuters

01-23

BUZZ-Aussie miners slide as Trump's China tariff threat subdues sentiment

** Australian miners .AXMM extend losses from Wednesday, falling 1.8% to 5373.3; set for worst day since Dec. 19, 2024

** BHP BHP.AX, the world's largest listed miner, drops 1.8% to A$39.08, lowest since Jan. 9; Fortescue FMG.AX sheds 2.4%

** Tony Sycamore, a market analyst with IG Australia, attributes weakness in mining stocks to Donald Trump's mention of a 10% tariff on top steelmaker China, adding that it provides enough reason for investors to avoid the sector

** Miners slid 18.7% in 2024

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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