The Metals is trading 5.2% down now at $4.52 as broad risk-off sentiment pressures growth and resource stocks.
- Nasdaq down 1.20% and S&P 500 down 0.62%; surging Japanese bond yields, geopolitical tensions, elevated oil prices, and hawkish rate expectations weigh on risk appetite.
- Bitcoin and Ethereum are lower, with modest declines of 1.49% and 1.67%, but do not explain the larger share move.
- No fresh company-specific catalyst identified; latest report: prior quarterly loss and zero revenue.