China Shares May Crack Resistance At 4,200 Points

The Shanghai Composite ended Friday slightly below the 4,180-point level, snapping a four-day winning streak that had lifted the index more than 100 points, or 2.5%. The note is largely technical and sentiment-driven, with no new policy or fundamental catalyst cited. The article expects the market to open higher on Monday.

Analysis

The Shanghai Composite ended Friday slightly below the 4,180-point level, snapping a four-day winning streak that had lifted the index more than 100 points, or 2.5%. The note is largely technical and sentiment-driven, with no new policy or fundamental catalyst cited. The article expects the market to open higher on Monday.