LIVE FUTURES REPORT 28/02: Mounting coronavirus concerns weigh on SHFE base metals

Base metals prices on the Shanghai Futures Exchange slid across the board at the close of the morning trade session on Friday February 28 amid pessimistic sentiment caused by tumbling global equity markets.

The spread of the novel coronavirus (2019-nCoV) outside China - with a surge of new cases of infections reported in South Korea, Japan, Italy and Iran - ignited concerns over its impact on the global economy and for how long. The Dow Jones Industrial Average plunged by more than 1,000 points below the psychological level of 26,000 points on Thursday, its worst drop in a single session in history.

“Mounting concerns...

Published

Sally Zhang

February 28, 2020

05:40 GMT

Shanghai