JPMorgan Chase cuts stake in Chalco

U.S.-based financial holding company JPMorgan Chase & Co reduced its stake in Aluminum Corp of China Ltd (Chalco)<601600><2600><ACH> to 5.66% from the previous 6.01% on Jan. 6, the China Securities Journal reported.

According to the statistics from the Hong Kong Stock Exchange (HKEx), JPMorgan sold 13.79 million H-shares in Chalco for HK$67.29 million with an average price of HK$4.88 apiece.

On Tuesday, A-shares and H-shares of Chalco declined 3.74% and 6.04% to close at RMB 6.44 and HK$3.89, respectively.

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