Decision Time Looming for China's Stock Procrastinators: ChartBloomberg News
The Shanghai Composite has broken out of a triangle pattern, setting it up for a large move in either direction, according to technical strategists. Now that China’s benchmark gauge, which has been trapped in a narrow range since late January, has moved above 2,933, it will probably rise to 3,200, says Wu Kan, a fund manager at JK Life Insurance Co. in Shanghai. A drop below 2,800 may send the index tumbling back to 2,500, Wu says.
— With assistance by Shidong Zhang