China?s Stocks Rebound as Copper Producers

Posted by tjdetai on July 13th, 2015


Jan. 27 (Bloomberg) -- China’s stocks rebounded after copper producers surged as an improving U.S. economy boosted metal prices. Developers declined after the government intensified measures to curb gains in property prices.

Yunnan Copper Industry Co. (000878 CH), China’s fourth- biggest producer of the metal, rose 1.3 percent to 24.30 yuan.

Copper futures for March delivery added 4.1 cents, or 1 percent, to settle at .267 a pound at 1:17 p.m. on the Comex in New York, the biggest gain for a most-active contract since Jan. 12.

Jiangxi Copper Co., the biggest maker of the metal, jumped the most in a week as copper prices climbed after U.S. new-home sales beat estimates and the Dow Jones Industrial Average surged above the 12,000 level.

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