BUZZ-Precious metal-linked stocks slip in China as silver, gold futures plunge

Reuters02-06
BUZZ-Precious metal-linked stocks slip in China as silver, gold futures plunge

** Shares of precious metal-related companies, listed on mainland China and Hong Kong markets, plunge in early trade following decline in gold and silver prices

** Prices of Shanghai-traded silver futures SAGc1 drop more than 15%

** Gold and silver extended losses as a global rout in tech equities and a stronger U.S. dollar wiped out most gains made by the metals during a brief rebound earlier this week

** China's UBS SDIC Silver Futures Fund 161226.SZ, a listed open fund, suspends trading for an hour

** Hong Kong's Hang Seng materials index .HSCIM loses about 3%

** China's CSI SWS non-ferrous metal index .CSISNMIM falls nearly 2%

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