** Shares of Australian mining .AXMM fall 3.7%, hover around the 2-1/2-year low hit earlier this week
** Mining stocks reel under the impact of proposed U.S. tariffs of 104% on imports from China, a major consumer of commodities such as iron ore and a top trading partner for Australia
** Most mining stocks derive profits from their exports to China
** Shares of BHP BHP.AX and Rio Tinto RIO.AX fall more than 4% each while Fortescue FMG.AX slips more than 5%
** The mining sub-index falls over 9% this year, including the day's move vs a ~9.7% fall in the benchmark index .AXJO
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))
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