Shanghai copper down

The most-traded copper contract on the Shanghai Futures Exchange was down by 1.5 percent at 46,600 yuan ($6,807) a tonne on Wednesday on uncertainties over US President-elect Donald Trump's economic programme. Copper and other base metals initially gained traction on the back of Trump's November election win amid expectations that spending on rebuilding US infrastructure would soar, soaking up more industrial raw material. Copper is widely used in construction.
A recent sell-off of the greenback initially deepened as US traders returned from a long weekend to widespread weakness after Trump, whose inauguration takes place on Friday, said the greenback's strength against the Chinese yuan "is killing us".