COMEX Copper drifts lower amid tepid equities

COMEX Copper futures fell today, easing in tune with a risk-off mood as a firm US dollar capped the red metal. The counter currently trades down 1% at $5.51 per pound. Meanwhile, Asian stocks ended mostly lower on Wednesday as US President Donald Trump announced a 19 percent tariff on Indonesian exports. Chinese Shanghai Composite index eased marginally while Hong Kong's Hang Seng index fell 0.29%. Japanese NIKEEI also ended slightly lower. European stocks saw cautious moves as earnings stayed in focus. In overnight trades, the tech-heavy Nasdaq rose 0.2% to a new record closing high while the S&P 500 fell 0.4%. The Dow also slumped 1%. On MCX, Copper futures are trading at Rs 880.50 per kg, down 0.40% on the day.

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