CAPITAL MARKETS

Strong end to week for miners after constructive China initiative

SUPPORTIVE monetary directives in China has boosted stocks including miners, with Metals & Mining closing the final trading day of the week with a circa 2.5% gain on the ASX 200.

Strong end to week for miners after constructive China initiative

Metal futures too were on the gain after Chinese banks lowered the five-year loan prime rate by a record amount. Nickel led the way north with an 8% rise, while iron ore closed in on US$130/t. The...

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