Base Metals

China Stocks: Hebei Iron, ICBC, SAIC Motor, Vanke, Weichai Power

Base Metals

Bloomberg reports that some stocks in China made unusual moves today.

Bloomberg reports that some stocks in China made unusual moves today.

The market news is quoted as saying,

Hebei Iron & Steel Co. (000709 CH) surged 9.9 percent to 4.55 yuan. Angang Steel Co. (000898 CH) climbed 2.3 percent to 8.48 yuan. First-quarter profit at “major” steelmakers may have jumped 188 percent from the fourth quarter last year, Zheng Zhiguo and Mao Shenjing, analysts at Shenyin & Wanguo Securities Co., wrote in a report today. Steelmakers trade at 0.54 times book value, less than the historical average of 0.6 times, according to the report.

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MARKETS

Markets
TSX20390.33+30.23
TSXV620.75+5.64
DOW34302.61+112.64
S&P 5003999.09+15.92
NASD11079.16+78.05
ASX7388.20+60.10

COMMODITIES

Commodities
Gold1910.68-7.24
Silver24.04-0.25
Copper4.14-0.07
Palladium1713.170.00
Platinum1087.260.00
Oil79.46-0.40
Heating Oil3.18+0.02
Natural Gas3.76+0.34

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