Mumbai, Feb. 23 -- COMEX Copper futures are trading lower in early Asia on Monday following an over 1.5% surge on Friday. The Nasdaq advanced 203.34 points or 0.9 percent to 22,886.07, the S&P 500 climbed 47.62 points or 0.7 percent to 6,909.51 and the Dow rose 230.81 points or 0.5 percent to 49,625.97. For the holiday-shortened week, the Nasdaq shot up by 1.5 percent, the S&P 500 jumped by 1.1 percent and the Dow increased by 0.3 percent. LME Copper inventories continued to edge higher recently, weighing on the red metal. Inventories jumped near 11-month high. Currently, the metal is quoting at $5.83 per ounce, over one-week high. The counter ended last week with a modest gain of 1.10% but down around 1% this month. Chinese copper return f...