The ASX200 closed down 0.35% at 8,176 points. Iron ore prices fell from US$114/tn to US$108/tn in Singapore on news the Chinese government’s stimulus will focus more on boosting domestic spending. Instead of driving new construction, the Chinese government has pivoted towards bolstering consumer confidence in buying existing properties. This cut against what investors who favour construction wanted to hear, and the market responded swiftly, with iron ore shedding $5 within thirty five minutes. On the ASX, Health Care was the biggest gainer, up 0.75%, followed by Utilities, up 0.29%. Materials …