** Shares of Nickel Industries NIC.AX fall as much as 8.7% to A$0.470, their lowest level since late April 2020
** Stock last down 4.4%
** Prices of base metals in major consumer China slide, with nickel SNIcv1 down 6.7%, as the escalating global trade war fueled fears of a recession MET/L
** Australia's benchmark S&P/ASX 200 index .AXJO down 3.7% after hitting its lowest level since December 2023 .AX
** NIC down 37.6% YTD
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com;))
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