Metal stocks fell as soaring oil prices, rising US bond yields and a stronger dollar weighed on sentiment. Vedanta, Vedanta Aluminium, Hindustan Copper, Tata Steel and JSW Steel declined 3–5%. The US 10-year Treasury yield rose above 4.9%, its highest since 2023, as higher oil prices stoked inflation concerns and raised expectations of a potential Fed rate hike.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.