Copper Cracks Lower, Equities Mostly Under Stress

21 Mar 2022 , 05:42 PM

COMEX Copper pulled back today, sliding from its two week high as worries over Russia-Ukraine war weighed on the commodity. Firm US dollar also capped the advances of the metal and the COMEX Copper futures are currently trading at $4.66 per pound, down 1.49% on the day. MCX Copper futures are trading at Rs 810.70 per kg, down 0.66% on the day after a volatile movement in the session. The counter opened sharply lower and edged up towards Rs 815 per kg mark amid weak Indian Rupee before the overwhelming selling pressure in global Copper futures capped gains. Meanwhile, Asian stocks saw mixed moves today. Chinese benchmark Shanghai Composite index ended flat. Hong Kongs Hang Seng lost 0.89% after massive gains in last week. Japanese Nikkei index gained 0.65%. European markets saw thin moves in the first session of the week.

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