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US stock markets battled into another negative week, with the Nasdaq and S&P 500 both down 0.9% while the Dow Jones down 0.5%.
Iron ore has extended its plunge below $ 100 a ton as China tightened industrial restrictions in some provinces, which will put further pressure on prices.
Fortescue Metals Group shares fell again in the Australian market after iron ore prices fell below $ 100 a ton for the first time in 14 months on late Friday.