BHP Billiton Ltd. collapsed and Rio Tinto Group fell to the lowest in almost 7 years as fears about a slowdown in China’s demand and the threat of credit downgrades added to pressure on the mining sector.
BHP dropped as much as 5% to A$14.17 in Sydney, while Rio fell as much as 2.7% to the lowest since March 2009.
The material has been provided by InstaForex Company – www.instaforex.com