Champagne corks popping. ASX 200 closes at all-time high of 7173 up 92 as iron ore stocks go crazy. FMG up nearly 8%, BHP up 3.1% and RIO up 4.6%. 38 index points alone in three stocks. Big banks joined in with rises around 1.1% as ANZ slips on ex -dividend. In corporate news, CWN gets a merger proposal from SGR with both stocks posting solid near 8% gains and A2M downgrades once again losing 13%. Industrials solid, but Tech still underperforming with some big falls again in APX and NXL.

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