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Chinese stocks are off their lows......>

CHINA STOCKS
CHINA STOCKS: Chinese stocks are off their lows but remain under pressure at the
start of the week, with the CSI300 down ~1.5%, struggling to remain above the
3100 level. H-shares are faring much better, with the HSI down just ~0.3%,
remaining clear of the the 24600 level for now. News flow has been fairly
limited with no notable driver of weakness. 
- USDCNH has risen back above 6.9600 in response to equity weakness, trading at
6.9614, but clear of Friday's high at 6.9767.
- Rate markets are also under pressure with the 2-year swap down 0.5bps at new
two-month lows at 2.81%. 

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