CAPITAL MARKETS

China data hits miners

Chinese economic growth slows

Staff reporter

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Miners took all five spots on the table charting the biggest declines on the benchmark S&P/ASX200 index this afternoon.

Orocobre (ASX: ORE), Evolution Mining (ASX: EVN), Pilbara Minerals (ASX: PLS) and Western Areas (ASX: WSA) all fell more than 4%.

Mineral Resources (ASX: MIN) was down more than 3% at the time of writing.

China's economy grew 6.7% in the June quarter, lower than the 6.8% registered in the three prior periods, Reuters reported.

Japanese markets were closed for a holiday today.

Canada's metals and mining stocks had closed down slightly on Friday while in New York, the S&P500 had reached a five-month high on Friday.

Finally the gold price had edged slightly higher to US$1,243 an ounce on the spot market earlier.

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