BUZZ-Chinese gold miners plunge as bullion prices correct

Reuters02-02
BUZZ-Chinese gold miners plunge as bullion prices correct

** China's gold stocks plunge as bullion prices correct sharply

** China's CSI SSH Gold Equity Index .CSI931238 tumbles more than 8% in early trading, following Friday's 9% plunge

** Prices of Shanghai-traded gold futures drop more than 10% in early trading

** Shares of listed gold miners, including Sichuan Gold Co 001337.SZ, Shanjin International Gold Co 000975.SZ and Zhaojin International Gold 000506.SZ, all fall by 10%, the most allowed for the day

((Samuel.shen@tr.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment