SINGAPORE, Sept 22 (Reuters) - London copper prices rose on Tuesday, recouping some of the last session's losses, on expectations of strong Chinese demand, although worries about fresh coronavirus-led lockdowns capped gains.

Asian shares opened weaker on concerns about new pandemic lockdowns in Europe and after reports about financial institutions allegedly moving illicit funds hurt global banking stocks.

"Chinese demand and tightening global copper inventories are supportive for prices," said Lachlan Shaw, head of commodities research at National Australia Bank.

"LME copper stocks available for purchase dropped by 25% yesterday. Total LME stocks remain at levels not seen since 2005. Despite that, official prices closed lower in the last session, thanks to markets reducing risk as global coronavirus cases rise."

* Three-month copper on the London Metal Exchange rose 0.9% to $6,753 a tonne by 0304 GMT, after dropping 1.7% in the last session.

* The most-traded copper contract on the Shanghai Futures Exchange fell 0.6% to 51,940 yuan ($7,650.50) a tonne.

* China, the world's top consumer of industrial metals, is expected to increase imports after data showed industrial output accelerated the most in eight months in August, while retail sales grew for the first time this year.

* The market hit its highest since June 2018 at $6,877.50 a tonne on Monday.

* A resurgent dollar held on to overnight gains on Tuesday after virus fears and worries about U.S. stimulus drove a wave of selling in just about everything else.

* A strong dollar weighs on commodity prices as it makes greenback-priced products expensive for buyers holding other currencies.

* The premium for cash LME copper over the three-month contract spiked by Friday's close to $40.25 a tonne, its highest since March 2019, indicating tight supplies. It pared gains on Monday to $31.

* The global world refined copper market showed a 192,000 tonnes deficit in June, compared with a 36,000 tonnes deficit in May, the International Copper Study Group said in its latest monthly bulletin.

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PRICES

Three month LME copper

Most active ShFE copper

Three month LME aluminium

Most active ShFE aluminium

Three month LME zinc

Most active ShFE zinc

Three month LME lead

Most active ShFE lead

Three month LME nickel

Most active ShFE nickel

Three month LME tin

Most active ShFE tin

ARBS ($1 = 6.7891 yuan) (Reporting by Naveen Thukral; editing by Uttaresh.V)