(Bloomberg) -- Copper snapped two days of gains in
London on speculation Chinese government moves to damp the
nation's booming stock market will slow economic growth and
demand for industrial metals. Lead rose to a record.
Chinese shares tumbled 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 this year to
$2.47 trillion. The Chinese economy grew at 11.1 percent in the
first three months of the year.
Read more at Bloomberg Commodities News
London on speculation Chinese government moves to damp the
nation's booming stock market will slow economic growth and
demand for industrial metals. Lead rose to a record.
Chinese shares tumbled 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 this year to
$2.47 trillion. The Chinese economy grew at 11.1 percent in the
first three months of the year.
Read more at Bloomberg Commodities News
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