Copper spikes in volatile trades

COMEX Copper futures moved up today in volatile trades. The counter rose from a one-week low and currently trades at $6.70 per pound, up around 2% on the day. MCX Copper rose 1.46% to trade at Rs 1427.95 per kg. It hit high around Rs 1429 per kg. Equities generally stayed steady today. In Asia, China's Shanghai Composite index rose 0.05% while Hong Kong?s Hang Seng spiked 1.79%. Japan?s Nikkei average closed flat. European stocks slumped with German DAX jumped more than 1%. US stocks ended mixed on Thursday. The Dow Jones Industrial Average added 0.1%, while the S&P 500 index fell 0.5%. COMEX Copper fell more than 1% on the day in last session.

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