Market Close 11 Nov 21: ASX 200 ends lower for a fourth day, Iron ore miners outperform

Almost all sectors retreated with the exception of the materials +2.3%% and telco +0.8% sectors. Mining stocks rallied following reports debt ridden Chinese property developer Evergrande had made Wednesday’s deadline to repay US$148mn in interest payments on three bond tranches. Fortescue Metals (FMG) jumped 8.2% to $15.45, while Rio Tinto (RIO) rose 1.9% to $89.14.

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