Australian stocks fall as iron ore prices tumble: Afternoon market insights

Mining stocks took a big hit today as iron prices fell, pulling the rest of the Australian index lower.

At 2.15pm, the ASX200 gave up 1.06% to 4310.1, while the broader All Ordinaries index lost 1.06% to 4335.0.

The Australian dollar slipped today, buying $US1.03255.

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