Iron ore miners & financial stocks drag ASX lower, IMF lowers growth forecast

Australian shares dropped 0.1 per cent to 7272.5 today as losses posted by the iron ore miners and financial stocks weighed on the index. The IMF has lowered its Australian growth forecast for this year to 3.5 per cent, and COVID-19 cases in Victoria are rising. Asian markets remain mixed, while in the crypto world, adverse IMF statements are spurring discussions. To know how the markets are faring mid-week, watch this video, your ultimate recap of the share markets and more!

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