China Shares Expected To See Continued Consolidation

Shanghai Composite has fallen more than 100 points, down about 2.5% over the past two sessions, and sits just above the 3,950 level; it is expected to open under pressure on Monday. The move indicates continued weakness and risk-off positioning in China equities, suggesting near-term downside momentum for the market.

Analysis

Shanghai Composite has fallen more than 100 points, down about 2.5% over the past two sessions, and sits just above the 3,950 level; it is expected to open under pressure on Monday. The move indicates continued weakness and risk-off positioning in China equities, suggesting near-term downside momentum for the market.