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Copper slumps near two-week low as risk aversion hits sentiments
(08-Jul-2026, 17:58 Hours IST)
COMEX Copper futures slumped in tune with global risk aversion as West Asian crisis yet again grabbed the headlines. In Asia, China's Shanghai Composite index fell 0.49% while Japan's Nikkei 225 index fell 2.11% as tech stocks stayed under stress. European markets fell sharply too. German DAX slumped 2.30%. The US stocks turned lower on Tuesday. Dow Jones Industrial Average dipped 0.25%, while the S&P 500 index fell 0.45%, and the NASDAQ Composite index lost 1.16%. COMEX Copper is down 2% at $6.09 per pound, testing near two-week low. MCX Copper futures for July are trading at Rs 1263.30 per kg, down 1 % on the day as losses were curbed due to weakness in INR.

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