Business & Finance
Copper Heads for Weekly Loss as AI Selloff Hurts Risk Appetite
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Commodities Copper Heads for Weekly Loss as AI Selloff Hurts Risk Appetite Copper headed for a third weekly loss in four as a selloff in technology stocks deepened, sapping risk appetite across markets including for the metal that’s used in data centers and power infrastructure. Futures traded above $14,150 a ton in London, down almost 2% this week and extending a retreat from a record set in September. The global slump in tech stocks intensified on Friday, as earnings from major companies...
Commodities
Copper Heads for Weekly Loss as AI Selloff Hurts Risk Appetite
Copper headed for a third weekly loss in four as a selloff in technology stocks deepened, sapping risk appetite across markets including for the metal that’s used in data centers and power infrastructure.
Futures traded above $14,150 a ton in London, down almost 2% this week and extending a retreat from a record set in September. The global slump in tech stocks intensified on Friday, as earnings from major companies failed to reassure investors about the durability of the artificial-intelligence trade.