Stocks broadly hit as Dalian retreats

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Big iron ore leading share lower today as BHP is down -1.4%, RIO -0.2%, FMG -1.5% as Dalian is down five points:

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Big gas is selling too with WPL -0.5%, OSH -1.3%. STO -1.2%, -ORG -3.3% and LNG -2.5%:

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Banks are soft with CBA off -0.65, WBC -0.7%, NAB -1.8%, ANZ flat, BOQ -0.2%, SUN -0.2%, BEN -1.3% and MQG -0.3%:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.