Copper gains in volatile trades

COMEX Copper futures moved up in volatile trades as risky appetite stayed supported. Market participants also assessed the outcome of the US midterm elections, in which the Democrats secured control of both chambers of Congress. COMEX Copper is currently up 0.73% at $6.45 per pound, recovering from a three-month low. MCX Copper futures are up 0.20% at Rs 1368.15 per kg after hitting highs above Rs 1374 per kg. Meanwhile, in Asia, China?s Shanghai Composite Index spiked 2.16%. In Hong Kong, the Hang Seng index jumped 1.67%. Japan?s Nikkei 225 Index fell around 1.40%. European stocks saw impressive gains with German DAX index sparing more than 1%. US stocks ended on a mixed note on Tuesday as gains in chipmakers helped the S&P 500 end a three-day losing streak.

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