Iron Ore Prices Sink, Australia Shares Fall

Reuters reported that Australian shares suffer biggest fall in 8 days as miners are hit hard by the sinking prices of iron ore on a surprisingly strong jobs data.

As quoted in the market news:

The market accelerated its fall right after Australia’s statistics office published the jobs data at 0030GMT, showing employment soared by 71,500 in February, a wholly unforeseen jump above any forecast and the biggest increase in over a decade.

Click here to read the full Reuters report.