Shanghai copper market limit down

FXStreet (Bali) - The Shanghai futures copper market just hit limit down at the open, with steel and iron ore futures also showing sharp declines. The latest decline are having a slightly negative eimpact on AUD sentiment, although bids scattered around 0.8950 cap the downside for now. Traders will be monitoring the Shanghai Composite for further cues on sentiment, although at the moment, the picture does not look pretty, with the Hang Seng opening down 1.1%.