(05 Feb 2026, 17:33)

COMEX Copper under check amid weak equities

COMEX Copper futures stayed under pressure and overall price action was tight amid weak equities. In Asia, Shanghai Composite index fell 0.64%, giving up gains added in last session. Hong Kong's Hang Seng index added 0.14%. Japanese Nikkei 225 index stayed weak and shed 0.88%. European stocks fell with major indices losing around half a percent. US tech counters stayed under stress. The Nasdaq tumbled 1.5% to test one month low. COMEX Copper futures are currently trading at $5.84 per pound, down marginally on the day after testing lows under $5.80 per pound earlier. The metals segment is under stress as the US dollar index is at a two-week high of 97.70 right now, trading up marginally on the day.

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COMEX Copper under check amid weak equities