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Commodity News Details
Copper tumbles around 2% as equities turn lower
17-Jul-2026 17:15
COMEX copper fell sharply today as weak equities weighed on the metal. DXY is steady after the recent decline as the greenback gained safe haven demand amid re-escalation on Middle East conflict. The red metal is quoting at $6.21 per pound, down around 2% on the day. The counter has pulled back near one-week low with this slide. MCX Copper is also down 1% at Rs 1295.50 per kg. Meanwhile, Asian markets fell on worries over tech and AI counters. China's Shanghai Composite index fell 3%. Hong Kong's Hang Seng index slipped 1.78%. Japan's Nikkei average melted 4%. Korea's KOSPI index tanked 6.40%. European stocks stayed slippery ahead of weekend. German DAX lost 0.75% on the day while French CAC tanked 0.88% on the day. Selling pressure in computer chipmakers dragged down US stock markets on Thursday, capping upside in Copper.

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