30-Oct-2024

Copper in red as slide from one week high extends

COMEX Copper futures are trading lower amid mixed equities today. The red metal is quoting at $4.33 per pound, down 0.69% on the day, sliding after hitting a one week high in last session. In Asia, China's Shanghai Composite index fell 0.61%. Hong Kong's Hang Seng index lost 1.55%. Japanese Nikkei index gained 1%. European markets slipped with French CAC dropping around 1%. US indices saw mixed movement on Tuesday. While the tech-heavy Nasdaq showed hit a new record closing high, the Dow closed lower, coming off the record highs.

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