China figures hold down mining shares

Container ship in Chinese port. Photo: hpgruesen

Mining and mineral companies in China have been at lower level than the stock market. It does not look better after unexpectedly weak import figures from China during the August.

Commodity stocks have been stubbornly in the bottom of the Financial Times index, which refers, inter alia, to major producer Australia, and to weakening demand from the big buyer China, writes the newspaper's online edition.

Euro Stoxx mining dex was down 0.5 percent, while FTSE 100 was better off with a decline of marginal 0.1 percent.

- In the US, Europe, Japan and in comparable emerging markets markets, an inflation-free upturn is taking place. I think the combination of further risk-taking in trade and institutional risk shake up stocks, as well as corporate bonds and commodities, which note new high levels," said Koon Show, Strategist at UBP, to the Financial Times online edition.

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