04 Mar China slump turns Fortescue from world-beating mining stock to big loser
Posted at 03:00h
in Asia
Fortescue’s months-long stock rally suffered a big pullback in February as investors turned sour on the iron ore producer’s earnings growth and exposure to slumping metal prices amid China’s rocky economic recovery.The world’s fourth-largest iron ore miner is tipped for the greatest earnings slowdown over...