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As China punishes speculators, billions of dollars exit commodities

Posted on 21 November 2016

Billions of dollars in funds exited China’s commodities futures in less than a week, the most since February, as regulators curbed speculative trading in a display of Beijing’s power to swiftly cool markets.
But the large-scale retreat may prove to be temporary as cash-rich Chinese retail investors could soon return to jolt commodities futures, and given China’s size, again cause ripples in global markets. Many of these speculators have little investment experience but have loads of cash to gamble with, a combination that often leads to wild price swings……………………………………Full Article: Source


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