Copper tests two-week low amid bleak equities

COMEX Copper futures tested around two-week low today before witnessing some recovery but overall witnessed a stressful outing amid an overwhelming selloff in global equities. Asian stocks stayed slippery. China's main CSI300 index dipped 1.73%. Hong Kong's benchmark Hang Seng index shed 1.38%. Japan?s Nikkei average melted 4.40%. European stocks saw mixed moves and bearish undertone was clearly visible. US stocks melted on Friday as AI stocks saw intense correction. S&P 500 snaps nine-week winning streak, while Nasdaq posted worst day since April 2025. COMEX Copper had lost around 3.80% in last session and currently trade up more than 1% at $6.37 per pound. MCX Copper futures are also up 0.51% at Rs 1343 per kg after falling just under Rs 1320 per kg mark.

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