Copper and Aluminum Prices Fall Amid Middle East Uncertainty and Tech Sell-Off, Seoul Index Down 2.6%

According to Jin10, copper and aluminum prices declined on Thursday, June 4, as Middle East ceasefire prospects remained uncertain and technology stock declines weighed on market sentiment. Israel and Lebanon agreed to conditional ceasefire terms, though the outlook depends on Hezbollah halting operations.

Dutch bank ING analysts noted in a report that recent price movements remain sensitive to macro risks, with Middle East uncertainty creating headwinds. Technology stock weakness has likely intensified pressure on metals, with the South Korea Composite Index falling 2.6% Thursday after the S&P 500 ended its nine-day winning streak.