Mining stocks whacked as iron ore slumps towards $US100
Alex GluyasMarkets reporter
Updated
The turbulence that rocked commodity markets last week spilled over to the ASX as traders digested another disappointing round of Chinese stimulus and the risk of a trade war under returning US president Donald Trump.
China’s top legislative body, the Standing Committee of the National People’s Congress, unveiled a 12 trillion yuan ($2.5 billion) package on Friday to help debt-laden local governments – but refrained from announcing measures that would directly boost domestic demand.
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Alex Gluyas is a markets reporter based in our Melbourne newsroom. Connect with Alex on Twitter. Email Alex at alex.gluyas@afr.com
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