Fortescue lags as iron ore drop weighs on FMG shares
Fortescue Ltd shares started Thursday’s session in Australia weaker, after ending lower on Wednesday. This came while the broader market gained. The ASX was shut outside its usual hours at the dateline. Regular trading is from 09:59:45 to 16:00 Sydney time. Fortescue shares closed down 1.1% at A$20.32, off A$0.22 from the last close of A$20.54. But the trading was choppy. The stock touched A$20.84 intraday before retreating, with buyers stepping in early but failing to keep the price up.