Mumbai, Feb. 13 -- COMEX Copper futures saw an accelerated correction today as elevated inventories and stressed equities weighed on the red metal. The counter currently trades at $5.70 per pound, down 1.36% on the day and testing around one-week low. Copper had lost around 3% in last session amid a hefty drop in the US equities. The US markets tumbled on concerns about the impact of the artificial intelligence. The Nasdaq plunged 2% and S&P 500 lost 1.6% yesterday. The Dow slumped 1.3% too. AI jitters weighed on Asian markets too. Shanghai Composite index fell 1.26%. Hong Kong's Hang Seng index tanked 1.72%. Japanese NIKKEI 225 index lost 1.21%. European stocks are witnessing mixed moves ahead of weekend. MCX Copper also saw hefty losses, ...
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