COMEX Copper spikes above $6 per pound, Asian equities soar

COMEX Copper stayed above $6 per pound amid mining worries and firm equities. A strike that began on January 2 at the Mantoverde copper mine in Chile propped up the metal by around 5% in last session and the counter currently trades up 0.55% at $6.01 per pound. Meanwhile, Asian stocks extended their upmove as investors looked ahead to the release of key US economic data for direction. China's Shanghai Composite index soared 1.50% to hit highest level in more than a decade. Hong Kong's Hang Seng index surged 1.38% while Japanese Nikkei average climbed 1.32% to hit another record high. European stocks were mixed but overall mood in risky assets was supported after the US stocks regained ground following the slump seen during holiday-interrupted previous week. The major US averages edged higher, with the Dow marking another new record closing high.

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