Stocks markets tumbled again on Friday as fears of a banking crisis resurfaced despite massive financial lifelines thrown at US and Swiss lenders to prevent contagion across the sector. Markets had rallied on Thursday after Wall Street titans including JP Morgan, Bank of America and Citigroup pledged to inject $30 billion into embattled First Republic…
The materials sector fell on a retreat in oil, iron ore and lithium prices. BHP Group is down 3.4 per cent to $45.01 per share. Rio Tinto fell 3.3 per cent $117.28 per share. Lithium lossesLithium producer Mineral Resources retreated 6.2 per cent to $83.50 per share. Pilbara Minerals also tumbled 7 per cent to…