China Bourse Likely To Remain Rangebound

China stocks have been choppy, alternating between gains and losses over the last six sessions after a prior two-day rally of nearly 110 points, or 2.7%. The Shanghai Composite is only modestly higher above the 4,11 level, indicating a range-bound and uncertain near-term trading backdrop rather than a clear directional catalyst.

Analysis

China stocks have been choppy, alternating between gains and losses over the last six sessions after a prior two-day rally of nearly 110 points, or 2.7%. The Shanghai Composite is only modestly higher above the 4,11 level, indicating a range-bound and uncertain near-term trading backdrop rather than a clear directional catalyst.