Copper softens after soaring in last session

COMEX Copper futures pulled back today, giving up after recent gains after the red metal hit one-week high in last session. Equities are largely mixed but the US dollar index is holding above 101-mark, capping upside in the metal. In Asia, China's Shanghai Composite index added 0.44% while Hong Kong?s Hang Seng index eased 0.63%. Japan?s Nikkei average rose 0.59%. European stocks saw mixed moves. Overnight on Wall Street, stocks rose on Tuesday, led by Nasdaq Composite index which climbed 1.52%. Copper soared around 11% in June quarter but lost 2% in last month. The metal is currently down 1.50% at $6.16 per pound right now.

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