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Chinese stocks are breaking out to.....>

CHINA STOCKS
CHINA STOCKS: Chinese stocks are breaking out to the upside with the CSI 300
trading at daily highs of 3,478, having broken above an inverse
head-and-shoulder neckline. The A50 is following suit, up 6.5% since its July 3
low. 
- The HSCEI continues to lag but has the potential to play catch-up with the
onshore markets should 10920 give way, from the current level of 10800.
- Equities and the yuan have moved in opposite directions, with the ongoing
easing of monetary policy providing the fundamental support to such moves. 

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