Copper adds to losses in last session, trades down half a percent

Copper futures turned lower today, adding to heavy losses in last session as LME Copper inventories hit highest in more than four-months. COMEX Copper futures are currently trading at $6.17 per pound, down 0.49% on the day after losing 1.50% yesterday. MCX Copper has also dipped 0.79% to trade at Rs 1316.55 per kg. Meanwhile, in Asia, China?s Shanghai Composite Index fell 0.59%. In Hong Kong, the Hang Seng index dipped 1.55% on concerns over tech stocks. Japan?s Nikkei 225 index rose 0.56%. European stock indices were flat today. The US stocks slipped in last session as overall action stayed volatile and bond yields soared.

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