BHP to Resume Trading Following Iron Ore Drop
BHP shares last traded at A$61.24 on the ASX, down 2.48% before the King’s Birthday market closure. U.S.-listed BHP ADRs rose 2.03% to $84.40 by early Tuesday AEST. Iron ore prices fell for a fourth week, closing at $101.96 a tonne, pressuring BHP, Rio Tinto, and Fortescue. The S&P/ASX 200 dropped to 8,625.10 on Friday, led by declines in miners and banks.