Affected by the fall in commodities, periodic stocks such as...

Stocks & Markets Analysis

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SEA Hedge joined discussion · Aug 2, 2021 09:45

Affected by the fall in commodities, periodic stocks such as coal and iron and steel fell across the board in early trading. Xingang shares and Valin Iron and Steel all fell more than 9%, while Taiyuan Iron and Steel Co., Ltd., Maanshan Iron and Steel Co., Shanxi Coking Coal, Jinjiao Coal Industry and other stocks fell more than 7%.

The gauge of steel sector losses more than 5% following the broad-base loss of black futures. Xinyu Iron and Steel, Shanxi Taigang Stainless Steel and Maanshan Iron and Steel fall more than 9% in Monday early trade.
On July 30, China's Politburo vows to stabilize commodity prices and supplies.