China halts trading in 5 silver and oil funds to limit risk amid volatility

AI Summary
China halted trading in five commodity funds, including the UBS SDIC Silver Futures Fund and four oil LOFs, on Friday to mitigate risk amid volatile commodity markets. The suspensions, some lasting a full day and others for an hour, followed warnings from fund managers about high premium risks. This action was taken in response to increased investor interest in safe-haven assets like gold, silver, and oil, driven by escalating global geopolitical tensions and US conflicts. The prices of gold and silver have recently broken records, and Brent oil exceeded $70 per barrel. The trading halts and alerts aim to stabilize capital markets and protect investors from potential losses due to commodity price volatility.
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