Thanks afternoon crew.
End-of-day wrap:
Mining stocks steered the ASX higher after China's leadership flagged more stimulus to boost the struggling economy.
The ASX 200 rallied 33 points or 0.46% with the heavily-weighted materials sector doing most of the lifting. The sector climbed 2.74% with China-facing exporters of raw materials setting the pace. Fortescue Metals gained 4.55%, South32 3.49, BHP 3.34% and Rio Tinto 3.41%.
China's Politburo, the decision-making body of the ruling Communist Party, met yesterday and pledged more support to encourage growth.
“It is necessary to boost the consumption of automobiles, electronic products and home furnishing, and promote the consumption of services such as sports, leisure, and cultural tourism,” the Politburo said, according to state news agency Xinhua.
Energy and communications also advanced. Consumer discretionary stocks, financials and REITs were the biggest drags ahead of tomorrow's monthly consumer inflation report.
