Mumbai, Dec. 9 -- COMEX Copper saw a hefty correction today, sliding from four-month highs amid weak equities. Asian stocks declined on Tuesday ahead of the Federal Reserve's interest-rate decision on Wednesday. China's Shanghai Composite index eased 0.37% while Hong Kong's Hang Seng index tumbled 1.29%. European markets also moved mostly lower. COMEX Copper fell near $5.30 per pound amid these cues but edged up thereafter and currently trades at $5.36 per pound, down 1.40% on the day. The counter is still up 1.80% for December and is broadly supported after the break above $5 per pound mark last month. MCX Copper is trading at Rs 1085.70 per kg, down 1% on the day.
Published by HT Digital Content Services with permission from Capital Mark...