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Inflation, iron ore concerns send ASX 1.9pc lower

Rising inflation fears and concerns about Australia’s iron ore supply to China rattled the sharemarket, sparking the biggest sell-off since February 26.

The S&P/ASX 200 Index plummeted 134.3 points, or 1.9 per cent, to 6931.7, dragging the sharemarket to its lowest level since early April.

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William McInnes was a markets reporter for The Australian Financial Review. Connect with William on Twitter. Email William at w.mcinnes@afr.com.au

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    Original URL: https://www.afr.com/markets/equity-markets/inflation-iron-ore-concerns-send-asx-1-9pc-lower-20210519-p57tbk