Copper sees impressive gains, equities supported

COMEX Copper futures rose impressively today as supportive cues from equities boosted the red meta. Asian shares stayed supported. China's Shanghai Composite index added around 1%. Hong Kong?s Hang Seng index soared 1.18%. Japanese markets were shut due to a public holiday. European stocks raced higher with major indices adding around 1% on the day. The US stocks ended mixed on Friday as falling oil prices and easing pressure from the bond market helped stocks edge higher after recent losses. COMEX Copper futures are currently trading up 2% at $6.83 per pound, hovering around one and half week high. MCX Copper futures are also up 1.19% on the day at Rs 1419.75 per kg amid a modest drop in open interest.

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