S&P/ASX 200 (INDEXASX:XJO) retreated 0.17% to 6200 by about 1.13 pm weighed by declines in major mining and healthcare share prices.
Wall Street's major indices fell overnight amid a rise in weekly jobless claims, surging number of COVID-19 cases and uncertainties surrounding an economic stimulus package before the US election.
Healthcare and miners tumble
Major miners fell after iron ore prices retreated for a fourth consecutive session on supply concerns with BHP Group (ASX:BHP) 0.7% lower and Rio Tinto (ASX:RIO) down 0.5%.
Rio full-year guidance unchanged
For the quarter ended 30 September, Rio reported Pilbara iron ore shipments of 82.1 million tonnes, which is a 5% decline on the prior quarter and slightly lower than expectations.
However, the company’s iron ore production was strong at 86.4 million tonnes, a 4% lift on second-quarter production.
Rio left its full-year guidance unchanged, even though planned maintenance in the Pilbara will continue over the next three months.
Today’s top gainers on the ASX include RPM Automotive Group Ltd (ASX:RPM) (+9.52%), Carnavale Resources Limited (ASX:CAV) (+30.77%), Vrx Silica Ltd (ASX:VRX) (+8.33%), Zelira Therapeutics Ltd (ASX:ZLD) (+12.50%), St George Mining Ltd (ASX:SGQ) (+8.70%) and Fe Limited (ASX:FEL) (+8.33%).
Proactive news headlines:
Salt Lake Potash on track with Lake Way SOP Project development and funding package
Salt Lake Potash Ltd (ASX:SO4) (LON:SO4) (OTCMKTS:WHELF) is continuing the development of the Lake Way Sulphate of Potash (SOP) Project in Western Australia with on-lake and off-lake operations progressing on schedule.
Kazia Therapeutics executes agreement to begin GBM Agile pivotal study
Althea Group sets new patients record as quarterly revenue rises 32%
Sipa Resources set for period of very active exploration after year of challenge and transformation
Sipa Resources Limited (ASX:SRI) (FRA:SPO) sees the coming year is shaping up to be one of very active exploration after a year of challenge and transformation.
Netlinkz strengthens board skill-set with appointment of senior business executive Grant Booker
Netlinkz Ltd (ASX:NET), a virtual secure network (VSN) company, has strengthened its board through the appointment of senior business executive Grant Booker, who has M&A experience, as a non-executive director.
Oakdale Resources keen for assays from first diamond hole at project in golden state of Nevada
Oakdale Resources Ltd (ASX:OAR) (FRA:F1S) is keenly awaiting assay results from its first diamond hole at the highly prospective Lambarson Canyon Project in a prolific gold region in the USA’s modern-day golden state of Nevada.