
“China’s stock rout spread to the country’s commodities markets as investors rushed to raise cash. Everything from silver to sugar to eggs tumbled with the Shanghai Composite Index, which crashed to a three-month low on Wednesday. Government measures to stabilize equities are failing to stop a stock market collapse. Metals including nickel and silver on the Shanghai Futures Exchange fell to their daily limits, while rubber entered a bear market. The volume of copper traded was almost six times the three-month average. Steel rebar and iron ore, as well as eggs, sugar and soybean meal dropped to the lowest level allowed by their exchanges.”
Related posts:
India’s financial prophet Raghuram Rajan to run central bank
Official: Water quality complaints could be 'act of terrorism'
Switzerland mirrors EU sanctions against Russia
Italy risks political crisis as MPS bank scandal turns 'explosive'
Swiss Cryptocurrency Trader Will Store Your Bitcoin In A Nuclear Bunker
Secretive detention centers have no place in the US
Secret Court Ruling Put Tech Companies in Data Bind
UBS to repay Swiss government bailout loan
FL Highway Patrol Trooper arrested for fabricating arrest reports
Nearly Every Major Federal Agency Has Reduced Projected Furloughs
World's costliest auctioned car 'in Swiss hands'
Archived papers reveal Queen Elizabeth’s ‘World War Three’ speech
Gold Fund's Collapse Rattles Poland
Sales of George Orwell’s 1984 skyrocket in wake of spying scandal
British police officer keeps job after having sex on duty while wearing handgun