Copper Pares Gains Driven by Enthusiasm Over China Stimulus [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
NASDAQ:AMEX Investor Relations:
hkexgroup.com/investor-relations?sc_lang=en
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Source: Yahoo! Finance
Most Read from Bloomberg The industrial metal has risen in recent weeks as Chinese authorities stepped up efforts to revive economic growth, and it now looks to be consolidating those gains. In earlier trading Thursday, it rose to near a multimonth high. A gauge of Hong Kong-listed Chinese stocks dropped almost 5%, following a 13-day rally, a sign that investor enthusiasm over the stimulus policies may be ebbing. Mainland markets are shut through Monday due to a weeklong national holiday, likely damping trading volumes in metals during the Asian day. Investors are looking for any signs that the latest batch of policies — which included easing restrictions on home-buying in major cities — will help lift the property sector out of a protracted slump. The country's real estate industry is a globally significant source of demand for metals. Data on Thursday that showed applications for US unemployment benefits rose slightly to a level that is consistent with limited number of lay
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