(Bloomberg) -- Copper fell for a second day in New
York after equity markets in China tumbled, fueling speculation
that economic growth may slow in the world's largest consumer of
the metal.
China's benchmark CSI 300 Index dropped 6.8 percent, the
most in three months, after the government tripled the tax on
securities transactions to cool a rally that has doubled the
value of local stocks in 2007. Copper prices have tripled in the
past four years partly on a booming Chinese economy.
Read more at Bloomberg Commodities News
York after equity markets in China tumbled, fueling speculation
that economic growth may slow in the world's largest consumer of
the metal.
China's benchmark CSI 300 Index dropped 6.8 percent, the
most in three months, after the government tripled the tax on
securities transactions to cool a rally that has doubled the
value of local stocks in 2007. Copper prices have tripled in the
past four years partly on a booming Chinese economy.
Read more at Bloomberg Commodities News
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