Copper falls more than 1%, equities see mixed moves

COMEX Copper futures tanked today as two-week highs capped the upmove amid mixed equities. The red metal currently trades down 1.33% at $6.58 per pound. MCX Copper is down 0.90% at Rs 1394 per kg as a slide was seen after break under Rs 1400 per kg. Meanwhile, in Asia, China?s Shanghai Composite Index fell 0.82%. In Hong Kong, the Hang Seng index eased 0.59%. Japan?s Nikkei 225 Index added to recent gains, jumping 1.1%. European stocks mostly gained. German DAX soared more than 1%. US stocks stayed supported on Wednesday after the Federal Reserve held interest rates steady and the global risk appetite held up. Copper had hit above $6.70 per pound in last session.

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