06 AUGUST 2011smm
Risk Aversion Hits Markets, Shanghai Bleeds
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1 min read
U.S. crude slid to multi-month lows on Friday while base metals and grains stretched losses and Shanghai commodity futures plunged as investors fled riskier assets on mounting concerns about a slowing global economy.
London copper dropped more than 2 percent and Shanghai-traded aluminium and zinc hit their downside limit after Wall Street's worst sell-off since the 2008 global financial crisis sent investors scuttling for safety.
London copper dropped more than 2 percent and Shanghai-traded aluminium and zinc hit their downside limit after Wall Street's worst sell-off since the 2008 global financial crisis sent investors scuttling for safety.
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