METALS-Shanghai copper falls for 4th day, data may drag

Shanghai copper fell for a fourth day on Tuesday, chasing steep losses in London in the previous session, in the face of wilting confidence that the world economy had turned a corner.

Sentiment was dealt a blow after U.S. factory data showed a slump in New York state, shrinking at a more severe rate in June than the previous month.

That, and the continued strength in the dollar, was sufficient to break investor faith in hard assets which have jumped by 60 percent or more this year.

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