ASX 200 ends 2.1% lower, miners smashed as iron ore prices tumble

Stocks were heavily sold off, finishing 2.1 per cent lower. Investors dumped mining stocks as iron ore futures fell more than 10 per cent. Transurban to raise $4.2bn for toll road deal. AusNet gets $9.6bn bid.

Iron ore prices are in focus and ahead, investors will be watching a US Federal Reserve meeting. Picture: AAP

Welcome to the Trading Day blog for Monday, September 20. Australian stocks were hammered, closing 2.1 per cent lower as investors dumped mining stocks.  Iron ore futures dropped more than 10 per cent. Transurban to raise $4.2bn for toll stake deal. AusNet gets $9.6bn bid.

Locally, the Reserve Bank on Tuesday releases the minutes of its last meeting, while markets will be watching a US Federal Reserve meeting this week for clues on its plans to reduce stimulus.

Originally published as ASX 200 ends 2.1% lower, miners smashed as iron ore prices tumble