(Reuters) - Shanghai copper futures fell 1.2 percent on Wednesday, but light consumer buying in Asia helped London Metal Exchange copper futures stabilise after sharp overnight losses triggered by weak U.S. data.
A falling consumer confidence index and a drop in U.S. new home sales for February to their lowest level since June 2000 pushed down LME copper futures on Tuesday. Three-month copper closed at $6,680 a tonne, but recovered to trade between $6,690 and $6,725 on Wednesday as Asian consumers bought.
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