BHP to Resume Trading Following Iron Ore Drop
BHP Group Ltd’s Australian stock is on track to start trading again following the King’s Birthday break, with the market looking at last week’s iron ore selloff and a more upbeat session in the miner’s overseas shares. BHP shares on the ASX last changed hands at A$61.24, down 2.48%, after the local exchange shut for King’s Birthday on Monday, June 8. The market closure paused both trading and settlement, so Friday’s close stayed as the most recent price. Meanwhile, BHP’s U.S.-listed ADRs advanced 2.03% to $84.40 by early Tuesday AEST, based on BHP’s published data.