MARKET TALK: LME Copper Tad Lower As Equities Fall Weighs

LME copper trades range-bound as healthy Chinese demand and falling LME inventories support while equity weakness weighs, says a trader. Japan's Nikkei closed 3% lower and Hong Kong's Hang Seng was down 2.8% Wednesday, following a drop of 1.97% on the Dow Jones Industrial Average Tuesday. Trading across the base metals complex is moderately active early Wednesday with fund selling seen after sharp falls in Asian equities but trade is supportive at the lows, the trader adds. US markets are likely to take their cue from London trading as well as performances in gold and outside markets, says the trader. Copper trades at $6,200/ton, down 0.3% from Tuesday.