Jul
27
Chinese Equities Pare Declines as Copper Rallies; Dollar Slips
ByChinese shares pared losses as the biggest one-day selloff since 2007 lured bargain hunters. Copper rallied, while the dollar traded near a one-week low amid speculation the Federal Reserve will keep interest rates lower for longer.
The Shanghai Composite Index slipped 0.8 percent at 1:16 p.m. local time after earlier falling more than 5 percent. The MSCI Asia Pacific Index was little changed and futures on the Standard & Poor’s 500 Index climbed 0.5 percent. Copper futures gained 0.8 percent, while crude dropped 0.3 percent in New York. The Bloomberg Dollar SpotINDEX TRADED near the lowest level since July 16 as the currencies of New Zealand and Australia strengthened…
Chinese Equities Pare Declines as Copper Rallies; Dollar Slips
