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![Drew Meredith, CFP](https://www.raskmedia.com.au/wp-content/uploads/2023/05/drew-meredith-300x300.png)
ASX 200 (INDEXASX:XJO) sinks on iron ore weakness: Silverlake (ASX:SLR) down on merger
The S&P/ASX200 (ASX:XJO) was dragged lower by the materials sector, one of the 10 sectors finishing in the red, as a 4 per cent fall in iron ore prices dragged it down 2.7 per cent.