Mumbai, Feb. 17 -- COMEX Copper futures extended decline under $6 per pound mark on Tuesday morning in Asia, holding near one and half week low. Absence of cues from US equities and rebound in dollar index contributed to losses in the red metal. Asian markets saw thin moves as China, South Korea and Taiwan markets are closed for Lunar New Year holidays. European stocks moved up modestly.US stocks saw choppy moves on Friday and recorded modest losses for the week. COMEX Copper futures are currently quoting at $5.72 per pound, down 1.28% on the day. MCX Copper futures are trading at around Rs 1200 per kg.
Published by HT Digital Content Services with permission from Capital Market....