Metal stocks rally as China stimulus signals lift commodity outlook

Metal stocks advanced on China-linked optimism and a weaker dollar, while TCS gained after delivering stronger-than-expected quarterly earnings.

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2 days ago

Metal stocks rally as China stimulus signals lift commodity outlook

Metal stocks rally as China stimulus signals lift commodity outlook
Shares of metal producers gained sharply after renewed optimism around China’s fiscal stance improved global commodity sentiment. Hindustan Copper and Hind Zinc rose as much as 8 percent, supported by expectations of stronger demand and a softer US dollar. Technology stocks also saw buying interest, with TCS climbing around 4 percent after reporting quarterly earnings that exceeded market expectations.