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London copper futures fell on Friday, during the Asian electronic trading session, mainly due to concerns about the relationship between the world's two largest economies and signs of increasing copper inventories in China
.
Three-month copper on the London Metal Exchange (LME) was down 0.
2 per
cent at $9,478 a tonne by midday on Friday.
On the Shanghai Futures Exchange, the most actively traded January copper future, rose 160 yuan, or 0.
2 percent, to 69,260 yuan a tonne
.
On Thursday, the U.
S.
Securities and Exchange Commission (SEC) said Chinese companies listed on U.
S.
stock exchanges must disclose whether they are owned or controlled by government entities and provide evidence of audit checks
.
The rule could result in more than 200 companies being delisted
from U.
S.
exchanges.
On Friday, a Chinese ride-hailing giant announced it would delist from New York, further raising concerns
about tensions and regulation between the two countries.
A private survey released on Friday showed that growth in China's service sector slowed
in November due to rising inflationary pressures and persistent mini-outbreaks.
U.
S.
Treasury Secretary Janet Yellen said Thursday that the Omicron variant has the potential to exacerbate supply chain problems and dampen demand, ultimately slowing global economic growth
.
