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China, US worries drag ASX down; Iron ore miners and real estate fall

Source: afr.com afr.com
News Snapshot:

“China’s property sector remains a drag even with growth showing signs of stabilising,” the institute said in a note on Tuesday. Commodity futures pricing in Singapore retreated from six-month highs to stand at $US120.80 per tonne for October contracts. Mining heavyweights BHP dropped 1.4 per cent to $45.10, Fortescue Metals shed 1.1 per cent to $20.97 and Rio Tinto fell 0.7 per cent lower to $118.54. The rate-sensitive real estate and consumer staples sectors were also a drag, both falling about 0.7 per cent, ahead the US Federal Reserve’s policy announcement on Thursday at 4.15am AEST, when the central bank…

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