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Weak equities take toll on Copper
(21-Nov-2025, 17:44 Hours IST)
COMEX Copper futures drifted lower as a slide under $5 per pound extended and took the metal near two-week low. The counter is currently down 0.69% at $4.93 per pound amid weak equities and has shed more than 2.50% this week. Asian stocks followed Wall Street lower as mixed US jobs data left markets uncertain whether the Federal Reserve will cut rates in December. Chinese markets joined a global sell-off, with the benchmark Shanghai Composite index falling 2.45%. Hong Kong's Hang Seng index dipped 2.38%. Japan's Nikkei average also fell 2.40%. European stocks eased as investors fretted about overvalued tech valuations and an uncertain path for US monetary policy. The US equities dived overnight as jitters over inflated tech stock prices returned. The Nasdaq Composite fell 2.16%, down from a 2.6% advance at one point in the session. Other major indexes also slipped, with the Dow Jones Industrial Average down 0.84%. The S&P 500 shed 1.56%.

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