Sector movers: Chinese data, US tax cut plans trigger buying in miners

Cyclicals were in the ascendant at the start of the week, buoyed by a mix of strong Chinese house price data and progress at the weekend on Capitol Hill to gain approval of Republicans' tax cut plans. According to Bloomberg, in November home prices in China's smaller or so-called 'third-tier' cities advanced at a 0.46% clip versus October, marking a second month of acceleration despite Beijing's efforts to rein in property price gains. That buoyed iron ore and steel prices during Chinese ...

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