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DeMark Sees ‘Big Risk’ That Chinese Stocks Will Fall Further

  • Decline to come if markets open lower and remain low at close
  • DeMark correctly predicted last year's selloff and rebound
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DeMark on China, U.S. Stocks

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Chinese stocks trading in Hong Kong may extend their worst start to a year since 1995, according to Thomas DeMark, who correctly predicted the selloff in the country’s equity market last year.

“It’s critical tomorrow,” DeMark, founder of DeMark Analytics, said on Bloomberg Television on Monday in New York. “We are going to have a big risk on the downside” if the Hang Seng China Enterprises Index opens lower and trades below Monday’s intraday low, he said.