Mining giants BHP, Rio Tinto drag down ASX as commodities retreat sharply

A sudden reversal in sky-high commodity prices and talk of a new US Federal Reserve Chair weighed on the Australian market during Friday’s trading.

The benchmark ASX 200 fell 58.40 points or 0.65 per cent to 8,869.10, while the broader All Ordinaries lost 72.10 points or 0.78 per cent to…