China’s commodities crash raises questions of where markets are headed
Markets slide after Lunar New Year holidays amid fears of the coronavirus outbreak spreading
Launceston — It is no surprise that commodity prices in China were hammered on Monday when the virus-hit country reopened its exchanges after a weeklong Lunar New Year holiday. What will be more important is what happens on Tuesday.
It was a sea of red ink as domestic investors got to trade for the first time since January 23, with Dalian Commodity Exchange (DCE) iron ore dropping the maximum allowed 8% to 606.5 yuan ($86.64) a tonne at the opening bell...