The ASX 200 has been down nearly 1% to 7,438 points after the U.S. government announced late last night it’d be pushing tariffs against China to 104%.
Mineral Resources (ASX:MIN) has been among the most watched companies on the HotCopper forum. It’s had a very bad day in trade, slumping to 11.9% on no news. However, it should be noted one of its focal commodities – iron ore – has also plunged to US$94.90 today on the Singapore exchange – the lowest since September.
MinRes shares have been trading at $14.43.
Regal Partners (ASX:RPL) has also been trending; it dropped by 6.6% after announcing the loss of $540 million across funds in the March quarter following a writedown to zero of an equity investment in biotech company Opthea (ASX:OPT).
Regal was trading at $1.76.
And, Insurance Australia Group (ASX:IAG) has had a slightly better performance on the market, up 2.3% despite reporting no timely news. IAG was trading at $7.50.
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