Chinese Stocks Send Sell Signal With Growth Concerns Lingering

Almost half of the Shanghai Composite Index’s members are flashing sell signals, up from 5 percent two weeks ago, moving average convergence-divergence data show. The last time the proportion of bearish signs was this high in April, a 9 percent drop followed. The benchmark gauge has gained 5.7 percent in the past month, narrowing a 15 percent year-to-date decline that has been driven in part by concern over slowing growth and mounting corporate debt.

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