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Stock impact report

Metals Hold Ground as China Pledges Fiscal Stimulus, Rate Cuts [Yahoo! Finance Canada]

HONG KONG EX&CL UNSP/ADR (HKXCY) 
NASDAQ:AMEX Investor Relations: hkexgroup.com/investor-relations?sc_lang=en
China's leaders signaled additional stimulus measures during a key economic policy meeting. Most Read from Bloomberg Pledges to raise the budget deficit ratio, cut interest rates and lower reserve requirements for banks are stoking hopes that the world's biggest consumer of raw materials will counter slowing domestic growth and potential trade frictions with the incoming Trump administration. Metals had already been lifted in the run-up to a two-day huddle of the Central Economic Work Conference, following earlier hints from the Politburo, the country's top decision-making body, that bolder stimulus would be forthcoming. Nickel was the best performer on the London Metal Exchange, adding 2% to $16,210 a ton as of 1:46 p.m. local time, while aluminum rose 0.4% and copper was steady. Steel-making staple iron ore rose 1.1% to $105.70 a ton in Singapore. Economists predict that the Chinese government is likely to break from its current mode of drip-feeding stimulus and use its po Show less Read more
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