Worries over the Chinese economic outlook continued to rattle markets Wednesday, with industrial metals such as copper in the forefront of investor concerns.
The catalyst to the latest market angst was the news this week that Chinese exports slumped in February. Since China has been a voracious consumer of raw materials and energy in its industrialization drive, it’s unsurprising that assets like copper and iron ore have dropped sharply. Copper has fallen to its lowest level since 2010.
“China remains in the spotlight as the markets worry about economic growth prospects and the fall-out from China’s credit bubble,” said Neil MacKinnon, global macro strategist at VTB Capital.
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Associated Press via CHINA US Focus http://ift.tt/1fupkau
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