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Chinese stocks are surging despite no major...>

CHINA: Chinese stocks are surging despite no major positive headlines other than
comments by Chinese diplomat Wang Yi calling for cooler heads to prevail in
trade talks. The CSI300 has easily cleared 3400 and an uptrend is now firmly in
place with 3600 the next upside target. 
- H-shares are also joining in the rally, with the HSI up 1.3% as the key 55-dma
at 27857 comes into focus. Above here would likely confirm the bottoming
- The equity market rally significantly reduces the downside tail risks for the
yuan as it gives more scope for the PBOC to tighten monetary policy in the event
of currency weakness.  

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