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Chinese stocks continue to look bullish.......>

CHINA
CHINA: Chinese stocks continue to look bullish with the CSI300 consolidating
above its 21-dma and down trendline resistance-turned-support. The HSI trades at
its daily high of 27750 as the 55-dma approaches. 
- The rally in stocks is the final piece of the puzzle needed for a broad-based
recovery in Chinese assets. The 21-day rolling correlation between the CSI300
and Chinese 2-year swaps has begun to rise from its recent lows. While it
remains in negative territory at -0.37, a return to the longer-term positive
trend looks likely. 

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