MCX Copper slides around 1% amid tepid global cues

Copper futures found some support at lower levels today. The metal tested around one-week low. Asian markets saw thin moves as China, Hong Kong and Taiwan markets were closed for a holiday. Japan?s Nikkei 225 index added 0.28%. European stocks are mixed though modest gains are visible for German equities. The US stocks tanked stayed supported in volatile trades. DOW added 0.14% while NASDAQ and S&P500 rose around 1% each. COMEX Copper futures are trading at $6.34 per pound, down 0.68% on the day. MCX Copper is also down 1% at Rs 1308.50 per kg.

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