Copper dips more than 1%

COMEX Copper futures tanked today as some profit selling emerged on last session of the month. The red metal trades at $6.51 per pound, down 1.26% on the day. Equities are mixed but overall outlook is cautious for risky assets amid soaring crude oil. In Asia, China?s Shanghai Composite index tanked 1.50%, adding to recent losses. Hong Kong?s Hang Seng index rose 1.47%. Japan?s Nikkei 225 index tanked 2.52% on worries pertaining to global tech market. European markets saw choppy moves. The US stocks fell on Thursday after big technology stocks, led by Alphabet dragged the markets lower. The benchmark S&P 500 eased 0.3%, while the tech-heavy Nasdaq Composite melted 1.4%, and the blue-chip Dow shed 0.3%. MCX Copper has lost 1% at Rs 1381 per kg.

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