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Australia: Shares reverse early gains as miners track copper prices lower
2021-3-30
Australian shares gave up early gains on Tuesday to trade lower as heavyweight miners declined in tandem with copper prices, although a bounce-back in technology stocks limited losses.

The S&P/ASX 200 index was down 0.3 per cent to 6,781.00 by 0122 GMT, after rising 0.5 per cent earlier in the day. It had closed 0.4 per cent lower on Monday.

Overnight, the S&P 500 closed slightly lower, with banks falling amid warnings of potential losses from a hedge fund's default on margin calls, while economic optimism limited the day's declines. S&P 500 E-minis futures were down 0.25 points, or 0.01 per cent, on Tuesday.

Copper prices slid on Monday as worries about higher freight costs receded after a container ship blocking traffic in the Suez Canal was refloated.

Mining stocks in Australia fell 1.3 per cent in their biggest intraday percentage drop in more than a week, with BHP Group down 1.4 per cent and Rio Tinto falling 2.4 per cent.
 
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2024-12-19
Item
SHFE
Change
Cu
84557
-13199
Al
214501
-9875
Zn
50666
-2317
Item
LME
Change
Cu
272325
+0
Al
665025
-2500
Zn
257525
-2875
Ni
161238
+318
2023-5-15
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7.8800
Inverse:
0.12690
1 GBP=
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Inverse:
0.11578
1 AUD=
5.2589
Inverse:
0.19015
   
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