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Chinese stocks are giving back some....>

CHINA STOCKS
CHINA STOCKS: Chinese stocks are giving back some gains but the recovery off the
lows remains intact with the CSI300 remaining clear of down trendline
resistance-turned-support at 3300.
- The HSI is trading flat on the day at 27400, still clear of the Aug 14 highs
as the rally shows an impulsive structure. 
- The tech/small cap Chinext index is slightly lagging, remaining below
resistance at 1400 and still locked in its downtrend. A break above 1400 would
likely cement the recovery across Chinese stocks.
- Chinese rate markets are signaling a solid return to risk appetite, and rising
stocks would likely accelerate the backup in yields, to the benefit of the yuan.

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