LME 3-month copper +$20 on London PM kerb at $5,490/ton, sentiment stable after gains overnight damped fears of selloff, market focusing on fundamentals, says Maike Futures' Shen Haihua. News reports hedge fund Red Kite suffering losses sparked selling Monday, but market reaction "overdone", says Shen; "I think the market attention will shift to fundamentals, especially stocks." However, Chinese consumers cautious ahead of Chinese New Year holiday, as many believe copper's unlikely to regain $5,500.
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