Iron ore miners surge after Chinese rate cut

By Max Mason
Updated November 30 2014 - 10:13am, first published November 24 2014 - 1:17pm
China's housing sector accounts for a quarter of the country's steel demand.
China's housing sector accounts for a quarter of the country's steel demand.
China's housing sector accounts for a quarter of the country's steel demand.
China's housing sector accounts for a quarter of the country's steel demand.
China's housing sector accounts for a quarter of the country's steel demand.
China's housing sector accounts for a quarter of the country's steel demand.
China's housing sector accounts for a quarter of the country's steel demand.
China's housing sector accounts for a quarter of the country's steel demand.

China's first rate cut in more than two years has sent shares in Australia's iron ore miners surging higher, with the prospect of lower lending rates expected to boost the ailing housing construction sector in the world's second largest economy.

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