Shangahi Zinc UP

SINGAPORE, Nov 29 (Reuters) - Zinc prices rose their 4 percent daily limit in Shanghai on Thursday after sharp gains in equity markets and rising hopes of a U.S. interest rate cut that helped boost London metals in the previous session. Shanghai zinc hit its 4 percent upside limit when the market re-opened after the midday break, rising 745 yuan to 19,455 yuan, following a $96 rally in London zinc on Wednesday. "Like copper, these prices look like good value," senior commodities analyst Mark Pervan at ANZ Bank said, adding that Shanghai zinc stocks levelled off last week, breaking a seven-week rising trend.