COMEX Copper is holding around a four month low at $4.43 per pound in early Asian trades on Monday after highly volatile week led the red metal to settle at $4.44 per pound on Friday. 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. Meanwhile, the major averages on Wall Street moved sharply lower, with the Nasdaq and the S&P 500 pulling back well off Thursday's record intraday highs. The major averages ended the day off their lows of the session but still firmly negative. The Nasdaq plunged 472.32 points or 2.2 percent to 47,231.61, the S&P 500 tumbled 101.38 points or 1.6 percent to 6,238.01 and the Dow slumped 542.40 points or 1.2 percent to 43,588.58. For the week, the Dow plummeted by 2.9 percent, while the S&P 500 the Nasdaq dove by 2.4 percent and 2.2 percent, respectively.