China commodities selloff deepens as rally turns to slide

摘要

Chinese commodity futures extended falls on Friday as speculators pulled more money out of markets whose sharp surge two weeks ago unnerved global investors and forced regulators to step in and restore calm.Commodities linked to China's steel sector, which led the mid-April rally, were the hardest hit, deepening this week's losses as concerns emerged that demand in the world's biggest steel consumer could soon wane. The selloff spread to agricultural products including soybeans, eggs and cotton.