BHP (ASX:BHP) share price falls again as Jansen costs test capital discipline
BHP Group Ltd fell 1.73% to A$60.34 on Monday, extending the selloff triggered by its Canadian potash reset. Rio Tinto lost 0.78% and Fortescue 0.76%, while BHP’s New York depositary shares were down about 2.3% at US$85.85 in late-morning trade. The relative move matters. The S&P/ASX 200 ended just 0.1% lower at 8,816.1, yet State Street’s index-tracking fund put BHP at 11.61% of its holdings on June 19. A simple weight-times-return calculation suggests BHP alone cut about 0.20 percentage point from the benchmark — more than the market’s net fall. Gains elsewhere hid part of the damage.