Nickel trading range for the day is 726.6-777.4. Nickel dropped as investors cut their exposure to risky assets as Beijing steps up a crackdown on shadow banking and other riskier forms of financing. China will check local governments' investment in railway projects, the state planner said. China's industrial firms weathered a broad government crackdown on financial risks as profits continued to surge last month in a stabilising force for the economy.
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