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Metal stocks rally up to 7% as China announces measures to boost economy
The New Indian Express
|September 25, 2024
METAL company shares rallied as much as 7% on Tuesday after China's central bank announced a slew of measures to boost its ailing economy, especially the highly impacted property market which has caused immense pain to steel and metal companies worldwide.
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The world's second-largest economy is expected to lower outstanding mortgage rate and reduce down payment required for buying a second home. Shares of National Aluminium Company (NALCO) surged 6.64% on Tuesday to 192.2 while heavyweights Tata Steel and Hindalco closed the session with a gain of over 4% each.
Cette histoire est tirée de l'édition September 25, 2024 de The New Indian Express.
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