Fortescue share price slides to A$21 as miners retreat — what to watch before ASX reopens
Sydney, Jan 31, 2026, 17:20 (AEDT) — Market closed
Fortescue Ltd shares closed Friday 2.7% lower at A$21.00 on the Australian Securities Exchange, deepening a late-week slide among major miners. The stock dipped to a low of A$20.70 during the session. (Investing.com Australia)
The selloff hits hard since iron ore stocks have carried much of the recent gains. Now, the calendar is packed. Rate risk and earnings risk collide in the same week, and miners usually take the brunt first.
Australia’s benchmark index slipped 0.7% on Friday, dragged down as the miners sub-index plunged 3.5% amid profit-taking in commodity stocks, Reuters reported. Marc Jocum of Global X ETFs noted, “The earnings season will be central in…
