Copper saw some correction today after staying well supported yesterday. The Dow hit new record closing high and kept the red metal above $4.40 per pound. The counter is yet again witnessing some selling pressure around five week high of $4.45 per pound. The COMEX Copper futures currently trade down 0.91% at $4.43 per pound. MCX Copper also broke under Rs 750 per kg and currently trades down 0.53% at Rs 747.25 per kg. Mood in equities is mixed today. Asian stocks eased. Chinese benchmark Shanghai Composite index fell 1%. Hong Kongs Hang Seng closed down 1.64%. Japanese Nikkei 225 closed flat. However, European stocks edged up on sustained buying support.
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