COMEX Copper futures stayed slippery after the metal saw a sizable correction from five week high in last session. A hefty drop in Asian equities also weighed on the metal and the counter drifted near $4.20 per pound mark. It currently trades down 0.26% at $4.23 per pound. Copper is attempting a recovery after falling 4.60% last month. It is up around 2% for this month so far. Meanwhile, China's Shanghai Composite index lost 2% while Hong Kong's Hang Seng index also saw similar losses as focus shifted to policy updates from the high-profile economic policy meeting in China. Japanese Nikkei index also dipped 0.95%. European markets saw modest gains ahead of weekend. US stocks ended lower yesterday with all major indices closing in red. The Dow dropped for the sixth consecutive session.
Powered by Commodity Insights