China base metal prices tumble after US credit downgrade
Updated: 2011-08-08 11:48
(Agencies)
|
|||||||||||
SHANGHAI - Shanghai copper opened sharply lower on Monday after the downgrade of US credit ratings by Standard & Poor's over the weekend, while London copper extended losses, Reuters reported.
The most active October copper contract on the Shanghai Futures Exchange SCFcv1 opened 1.6 percent lower at 67,460 yuan.