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At 11:12, Angang Steel was down 1.10 hkd or 7.50 pct at 13.56, Aluminum Corp of China (Chalco) was down 0.39 hkd or 5.26 pct at 7.02, and Jiangxi Copper was down 0.66 hkd or 4.84 pct at 12.98.
Among gold producers, Zijin Mining was down 0.49 hkd or 8.14 pct at 5.53, Zhaojin Mining was down 0.55 hkd or 6.29 pct at 8.20 and Lingbao Gold was down 0.14 hkd or 5.22 pct at 2.54.
Commodities fell sharply overnight as another big drop in crude prices prompted traders to sell down other commodities such as copper and other hard assets.
Crude oil prices retreated on fears that energy demand will shrink as the global economy slows.
In Asian trade this morning, New York's main contract, light sweet crude for September delivery, fell another 1.07 usd to 120.34 a barrel. It fell 3.69 usd to settle at 121.41 in New York floor trading last night.
( 1 usd = 7.8 hkd)
george.ng@xfn.com
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