Affected by the weak metal market, Australian mining stocks fell to a more than one-month low.

The Australian mining index fell by 2.8% at one point, hitting its lowest point since May 5th. If the current trend continues, this sub-index will fall for the fifth consecutive trading day. Iron ore futures fell, the escalation of the Middle East conflict pushed up oil prices and raised concerns about global economic growth, causing copper prices to also decline. American aluminum company and Orabanda Mining Company, listed on the ASX, led the decline, falling by 8.2% and 7.3% respectively. Index heavyweight stocks BHP Group, Fortescue Metals, and Rio Tinto each fell by 1% to 2%.