21 August 2019

Property firms buckle under copper financing losses, paper says

Property companies that bought copper as a financing hedge are confronting a double loss as the price of the metal falls, the Shanghai Securities News reported Thursday, citing analysts. The losses from so-called copper financing stem from changes in foreign exchange as well as falls in the copper price itself, according to an analyst. The metal fell to its lowest price in four years Wednesday, the report said.

– Contact HKEJ at [email protected]



    EJI Weekly Newsletter

    Please click here to unsubscribe