The ASX 200 eased to a fresh intraday six-week low on Wednesday (-0.4% to ~8775 at midday AEDT). Selling was lead by Materials after investors weighted the risk that China-backed Simandou iron ore from Guinea could add supply and unsettle pricing. BHP (~-1%), Fortescue (~-3.5%) and Rio Tinto (~-2.8%) lagged. Technology followed the US lead lower after a mega-cap selloff. Global risk appetite softened, pushing haven flows into US Treasuries and the yen (10-year UST yield slipped a few basis points to near 4.05%; USD/JPY fell toward ~153). Locally, RBA Governor. . .
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