WSJ:BASE METALS: Shanghai Metals Rise But Pare Gains; Euro Zone In Focus
SHANGHAI (Dow Jones)--Base metals on the Shanghai Futures Exchange settled higher Tuesday after paring early gains, tracking Chinese equity markets that were digesting news that a Chinese sovereign wealth fund has begun buying shares in some of the country's biggest banks.
Benchmark December copper settled 0.3% higher at CNY55,000 a metric ton, well off an early high of CNY56,000/ton.
Copper moved in tandem with equity sentiment, dipping into negative territory in afternoon trade as Chinese equity markets flipped into the red.
Domestic share prices got a boost in early trade after Central Huijin's bought into China's ...
