China Stocks in U.S. Approach Death Cross as Losses Widen: ChartBy
A 12 percent decline since April in an index of U.S.-traded Chinese stocks has pushed its 50-day moving average close to breaking below the 200-day line. That’s a so-called death cross, which some technical analysts consider a bearish signal. Chinese stocks have retreated both at home and in the U.S. this year amid concern over slowing growth and mounting corporate debt.
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