Copper spikes around 3%

COMEX Copper futures rose today after a meltdown in last session as US President Donald Trump yet again issued warnings about elevated tariffs on China. However, the counter edged up today in tune with rest of the commodities and currently trades at $5.03 per pound, up around 3% on the day. It fell around 4.5% in last session, testing ten-day low. Meanwhile, in Asia, China's Shanghai Composite index eased 0.19% while Hong Kong's Hang Seng index 1.52%, adding to heavy losses on Friday. European stocks rose marginally. The US stocks slumped on tariff worries. The Nasdaq and the S&P 500 pulled back further off Wednesday's record closing highs, plunging to their lowest closing levels in a month.

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