Copper cuts losses amid supportive global equities
Mumbai, Nov. 2 -- COMEX Copper edged up from two-week low amid supportive global equities today. The counter had tumbled around 1.80% in last session but cut some of these losses today and trades at $6.52 per pound, up 0.71% on the day. In Asia, China's Shanghai Composite Index rose 1%, witnessing some bargain buying after recent spate of losses. In Hong Kong, the Hang Seng index added 0.42%. Japan's Nikkei 225 Index eased 0.33%. European stocks pulled modestly higher on Monday. Copper extended losses on Friday amid weak US equities. The US stocks saw heavy losses on Friday after the latest tech earnings reignited concerns over recent spate of hefty spending on AI. The Nasdaq Composite tanked 2.86% and the S&P 500 fell 1.82%, each suffering...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.