Australia's Champion Iron set for worst day in nearly a decade on weak quarterly results

** Shares of Champion Iron CIA.AX fall as much as 18.8% to A$1.84, posting their steepest intraday pct drop since January 27, 2017

** Stock hits lowest level since May 7, 2020

** Iron ore miner's net loss widened to C$48.4 million ($34.59 million) in the second quarter from the previous quarter, even as revenues increased 13%

** CIA says quarter was impacted by lower iron ore indexes, higher ocean freight rates and elevated fuel prices, partly resulting from conflict in the Middle East, as well as DRPF project start-up costs

** About 4.4 million shares change hands, 1.7 times the 30-day avg

** Stock down 69% YTD, including the session's moves

($1 = 1.3991 Canadian dollars)