China's property downturn a worrying sign for copper market

FRESH signs of stress for one of China’s most bankable homebuilders have dashed hopes that the worst might be over for the country’s embattled property sector, further clouding the Chinese outlook for copper and other base metals.

China's property downturn a worrying sign for copper market China's property downturn a worrying sign for copper market China's property downturn a worrying sign for copper market China's property downturn a worrying sign for copper market China's property downturn a worrying sign for copper market

Shares of Shimao Group and its property services subsidiary slumped after the developer announced a connected-party acquisition that raised red flags over corporate governance.