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The CSI300 is bouncing off the key.....>

CHINA STOCKS
CHINA STOCKS: The CSI300 is bouncing off the key 3200 and is showing upside
potential despite the sharp drop in US stocks following the tariff announcement.
- As we argued yesterday, the correlation between Chinese rates and stocks looks
set to rise again and appears likely to result from a bottoming process in
Chinese stocks. 
- The HSI is recovering early US-driven losses to trade at 26800, down just
~0.4% on the day, while HSCEI has recovered all its losses to trade back to
unchanged. 

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