AUSTRALIAN STOCKS SLUMP 5%

Highlights

• BHP Group and Rio Tinto declining 6.6% and 5.1%, respectively.
• Financial stocks also fell with the Big Four banks dropping between 4.8% and 6.8%.
• The Aussie dollar gained 0.83% against the U.S. dollar to A$0.65.

On Friday, Australian shares fell 5% the highest drop in five weeks’ time, the reason being investors sentiments were weakened by threats of ne....