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Story summary
- The ASX200 index fell 112.2 points to 8,707.2, its steepest weekly drop since early March.
- Brent crude rose to just below $110 a barrel, its highest level since March after Houthis seized Yemen’s Mocha port.
- Australian mining stocks dropped 4.3%.
- BHP shares slid 4.8% to $60.41, a five-week low.
- Rio Tinto shares fell almost 4% as copper prices dropped over 5% from record highs.
