A unit of SDIC Commodities was ordered to liquidate by a Hong Kong court, escalating insolvency risk for the metals trader. The move follows intensifying Beijing scrutiny of the sector, likely worsening credit conditions and funding/liquidity for metals-focused entities.
A unit of SDIC Commodities was ordered to liquidate by a Hong Kong court, escalating insolvency risk for the metals trader. The move follows intensifying Beijing scrutiny of the sector, likely worsening credit conditions and funding/liquidity for metals-focused entities.
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strongly negative
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-0.70
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