Copper surrendered much of its recent gains and came off one-week high tracking choppy equities. The counter was holding near a one 'week high although in a narrow range amid thin year end trades. US stocks tumbled on Friday and the major averages all closed notably lower. The Dow closed down 333.59 points or 0.77 percent at 42,992.21, well off the day's low of 42,761.56. The S&P 500, which dropped to 5,932.95, settled at 5,970.84 with a loss of 66.75 points or 1.11%, while the Nasdaq ended lower by 298.33 points or 1.49% at 19,722.03, recovering from a low of 19,533.40. Choppy equities, firm US dollar and weakness in other industrial commodities weighed on the sentiments although the red metal stayed supported by China's announcement of fiscal measures aimed at reviving economic growth. Currently, the red metal was quoting at $4.11 per pound, down 0.23%.

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