Capital Gold Group Report: 148% Increase in First Half of 2008 on Shanghai Futures Exchange

SIGNALS EMERGING MARKET INVESTMENT DEMAND

BEIJING, July 1 (Xinhua) -- China's futures market witnessed a sharp increase in trade volume in the first half. . .

At the Shanghai Futures Exchange, where metals such as gold, copper and zinc are mainly traded, the trade volume in the first six months totaled 14 trillion yuan, up 36 percent.

Total trade volume hit 35 trillion yuan (5.1 trillion U.S. dollars), an increase of 142 percent over the first half last year, according to figures released Tuesday by the China Futures Association.

Futures markets nationwide realized 577 million contracts in the first six months, up 148 percent.

The introduction of zinc and palm oil futures last year had enriched the market and the long awaited gold futures, in particular, had greatly boosted turnover, traders said.

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