Base Metals Preview: COMEX copper steadies around $6.36 per pound

COMEX copper is steadying around $6.36 per pound mark on Tuesday morning in Asia as US stocks were mixed overnight. While the tech-heavy Nasdaq dipped 43.74 points or 0.2 percent to a nearly three-month closing low of 24,932.08, the S&P 500 inched up 1.20 points or less than a tenth of a percent to 7,413.18 and the narrower Dow climbed 262.83 points or 0.5 percent to 52,210.08. Meanwhile, Asian markets are mostly lower on Tuesday, following the mixed cues from Wall Street overnight, dragged by sharp losses in with tech-heavy Japan and South Korea amid a selloff in technology or semiconductor stocks with mounting doubts of artificial-intelligence spending. The dollar index is also staying largely flat as investors await the Federal Reserve?s policy decision later this week. The red metal is currently quoting at $6.36 per pound, down 0.32% on the day.

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