Chinese Stock Market Hints at Higher Metal Prices

by on

Stock markets in China are up nearly 10% this year, outpacing a 4% gain in the S&P 500.

Click Here for Current Metal Prices

President Donald Trump’s election victory in November raised worries that he might take a more aggressive stand against China, labeling them a currency manipulator and threatening to increase import duties on Chinese goods.

FXI China shares attempt to breakout. Source: MetalMiner analysis of @stockcharts.com data.

While these threats haven’t materialized yet, fund managers as well as investors appear to have focused on strong Chinese corporate earnings and positive economic indicators, rather than worrying about protectionism.

For full access to this MetalMiner membership content:
Log In |

{Comments Off on Chinese Stock Market Hints at Higher Metal Prices Comments Off on Chinese Stock Market Hints at Higher Metal Prices}