Copper down around 1% as retreat from one-week high extends
Mumbai, Aug. 18 -- COMEX Copper futures fell today as mixed cues from equities capped advances in the metal. In Asia, China's Shanghai Composite index added 0.19% while Hong Kong's Hang Seng index edged up 0.07% Japanese Nikkei index slumped 2.54% though, giving up from a five-week high. European stocks saw choppy action today. The US markets continued to ease on Monday as rising oil prices led to selling pressure. DOW slipped 0.51%. COMEX Copper futures rose near $6.75 per pound in last session, hitting one-week high but slipped thereafter. The counter currently quotes at $6.56 per pound, down 0.90% on the day. MCX Copper is down 0.39% at Rs 1377.85 per kg after testing lows around Rs 1370 per kg. The open interest in the counter is down m...
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.