Copper gains after heavy losses in last session
Mumbai, Nov. 11 -- COMEX Copper futures moved up steadily today as risk appetite managed to sustain and recent losses in the red metal offered good buying support. Asian stocks mostly rose. China's Shanghai Composite Index gained 0.46%. In Hong Kong, the Hang Seng index dipped 0.98%. Japan's Nikkei 225 Index gained 1.31%. European stocks edged up steadily today with major indices rising around half a percent on the day. The US stocks closed lower on Tuesday, as elevated inflation reading hardened expectations for a rate hike from the Federal Reserve next month. COMEX Copper futures fell around 1.70% in last session but currently quote at $6.29 per pound, up 0.91% on the day. MCX Copper is also up 0.27% at Rs 1340.85 per kg after hitting a h...
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