An index tracking commodity producers rose nearly 2 percent, led by Chinese steelmakers such as Maanshan Iron and Angang Steel. Hong Kong-listed shares of Chalco continued to jump, up roughly 4 percent and touching six-year highs, after the Chinese aluminium maker on Tuesday suspended trading in China-listed A-shares pending a major announcement. The Hong Kong-listed shares have surged more 112 percent. The trading halt has strengthened expectations Chalco could become the latest target of government-orchestrated restructuring of the state sector.
Copyright Reuters, 2017