down on the stock exchange

Three-month copper on the London Metal Exchange (LME) fell 0.7%.

Three-month copper on the London Metal Exchange (LME) fell 0.7% to $10,008 a tonne. On a weekly basis, the contract has gained 5.7% and is on track for its biggest gain since the week of May 13.

The most-traded November copper contract on the Shanghai Futures Exchange rose 1.7% to 78,700 yuan ($11,219.62) a tonne, setting the contract for its third straight weekly gain.

LME copper has broken above the $10,000 resistance level as trading momentum was fueled by news of China’s stimulus, but the sustainability of the rally depends on whether high trading volumes can continue from now on, a trader said.

Beijing cut interest rates and injected liquidity into banks this week, and is likely to issue more than $280 billion worth of special government bonds to boost economic growth, while more fiscal measures are expected to be announced soon.

However, China's industrial profits returned to a sharp decline in August, the biggest drop this year, partly due to lack of demand and highlighting difficulties in the Chinese economy.

LME aluminium rose 1% to $2,638 a tonne, nickel rose 0.1% to $16,765, while zinc fell 0.7% to $3,078, lead fell 0.5% to $2,126 and tin fell 1% to $32,120.

SHFE aluminum rose 1.5% to 20,390 yuan/t, zinc rose 1.7% to 24,940 yuan, lead rose 1.5% to 16,915 yuan, nickel rose 0.1% to 128,530 yuan while tin fell 0.2% to 255,600 yuan.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-28-9-giam-tren-san-giao-dich.html