** Shares of Nickel Industries NIC.AX fall as much as 8.7% to A$0.470, their lowest level since late April 2020
** Stock last down 4.4%
** Prices of base metals in major consumer China slide, with nickel SNIcv1 down 6.7%, as the escalating global trade war fueled fears of a recession MET/L
** Australia's benchmark S&P/ASX 200 index .AXJO down 3.7% after hitting its lowest level since December 2023 .AX
** NIC down 37.6% YTD
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.