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Chinese stocks continue to.............>

CHINA STOCKS
CHINA STOCKS: Chinese stocks continue to underperform globally, with mainland
indices largely trading sideways since their false breakout last week and Hong
Kong indices following suit, albeit with a downward bias. 
- The Hang Seng faces resistance at 29000 and support at 28000, and whichever
breaks first is likely to decide the next major move. 
- The HSI is now trading at record discount to US stocks on some metrics, with
the 50-day rolling correlation between the HSI and SPX turning negative for the
first time in 18 months. 

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