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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessChinese stocks have followed the US....>
CHINA STOCKS: Chinese stocks have followed the US higher as the recovery remains
intact. The Hang Seng is up 1% as it looks to build on its break of trendline
resistance to target the Dec 4 highs at 27260, above which would trigger a
double bottom formation. Mainland shares continue to lag slightly with the CSI
still looking for its break of the downtrend. A close to the week above 3160
would mark a bullish break.
- A potential warning sign is coming from the small cap and tech heavy Chinext
index which has not joined in with recent gains and is down again today.
- Expectations of a US-China trade deal were lifted by yesterday's WSJ report
that US officials are considering measures to roll back tariffs on Chinese
products.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.