Copper Futures Decline in N.Y. on Concerns China Economic Growth Will Slow

(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

China's Stock Index Breaches 4,000 for First Time After Doubling This Year

(Bloomberg) -- China's CSI 300 Index rose above 4000
for the first time, driven by a surge in new investors who are
ignoring warnings of a bubble to enter a market that's doubled
this year. China Merchants Bank Co. paced the gain.

``There is lots of liquidity flowing into the market,'' said
Fan Dizhao, who helps manage about $1.8 billion at Guotai Asset
Management Co. in Shanghai. ``Even fund mangers dare not sell
their shares at this stage, as no one knows when the rally will
be over.''


Read more at Bloomberg Stocks News