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Copper falls to two-month low; tech stocks rebound

Reuters  |  NEW YORK 

By Lewis KrauskopfNEW YORK (Reuters) - Copper prices fell steeply to their lowest point in two months on Tuesday, while technology stocks rebounded following a rotation away from the high-flying group as investors assessed a U.S. tax-cut proposal.Copper lost 4.35 percent to $6,529.00 a tonne as inventories rose, its biggest single-session decline in more than two years. Other metals, such as nickel and zinc , also fell.Copper prices were also pressured by recent strength in the dollar, with many commodities denominated in the U.S. currency.Copper is a signal of global demand, and Tuesday's ...

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First Published: Wed, December 06 2017. 00:27 IST