The most-active January copper contract on the Shanghai Futures Exchange fell 1.7 percent to 58,670 yuan ($9,060) per tonne on Wednesday, catching up with previous losses in London. "The Shanghai base metals complex has been tracking Chinese equities, which were down earlier in the day, but lifted again after official comments that China's economy was on the right track," Yang said.
China stocks ended up 1.4 percent on Wednesday, reversing the morning's decline, after China's Vice Finance Minister confirmed the economy was on the right track and said macro-economic policies would be flexible to deal with any difficulties.
Comments
Comments are closed.