Copper slides around half a percent

COMEX Copper futures pulled back today as selling pressure in key Asian markets weighed on the metal. Overall mood in risky assets was steady though, capping losses in the red metal. China's Shanghai Composite index lost 2% while Hong Kong?s Hang Seng index added 0.76% in volatile trades. Japan?s Nikkei average tanked 2.47%. South Korea?s Kospi made investors nervous in Asia as the index melted around 8%. European stocks are steady with major indices up around half a percent. Yesterday, Dow Jones Industrial Average scaled to a record high before cooling, while the Nasdaq Composite struggled amid declines in chipmakers. COMEX Copper futures lost more than one percent in last session and currently trade at $6.15 per pound, down 0.45% on the day. MCX Copper futures are down marginally at Rs 1275.50 per kg.

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