Commodities
Metals Slump as China Fails to Deliver Fresh Stimulus Measures
- Investors disappointed by NDRC briefing on Tuesday morning
- Iron ore falls more than 5%; base metals down on the LME
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Iron ore slumped from a five-month high and base metals fell, after a hotly anticipated briefing by China’s top economic planner ended without new pledges to boost government spending.
Officials from the National Development and Reform Commission offered little to investors, who had been expecting more stimulus measures on China’s first day back from a week-long public holiday.