SINGAPORE, Oct 28 (Reuters) - Metals markets resumed their downward slide on Tuesday, with London copper tumbling 4 percent, zinc dropping more than 7 percent and Shanghai copper hitting its 5 percent downside limit.
London Metal Exchange copper for delivery in three months fell 4.5 percent to $3,840 a tonne at 0114 GMT after jumping 6.5 percent on Monday following strong U.S. homes sales data. Zinc hit $1,100 from $1,185 from Monday's close.
Shanghai copper dropped by its 5 percent limit to 30,910 yuan, its lowest since June 2005 and second day of maximum falls.
No comments:
Post a Comment