Weak equities weigh on Copper

COMEX Copper futures fell today and stayed in a choppy range as weak equities weighed on market mood. Asian stocks fell sharply with indices in Japan and Hong Kong giving up more than 1%. China?s Shanghai Composite index also lost 0.79%. European markets slumped with German DAX losing more than one percent. The US stocks fell on Wednesday as pressure continued to build in the bond market, pushing Treasury yields to levels not seen in more than two decades. Major indices also saw some selling pressure after hitting record high in previous session. Firm US dollar index is keeping Copper in check this week and the metal currently trades down 0.29% at $6.63 per pound. MCX Copper is also down marginally at Rs 1419.20 per kg.

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