Mumbai, Aug. 4 -- COMEX Copper is witnessing some buying support around a four-month low and currently trades at $4.47 per pound, up 0.27% on the day. The counter slumped over 20% last week, making it one of the worst weekly declines on record. The metal was hit hard on tariff play that tricked the traders and lead to a record fall in the Copper. The US informed that 50% tariff imposed on Copper will only apply to semi-finished Copper products imported. However, imports of refined metal will not attract any tariff.
However, a supportive undertone in global equities provided some fillip to the metal today. In Asia, China's Shanghai Composite index gained 0.66% while Hong Kong's Hang Seng index surged 0.92%. European stocks edged up marginal...