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China Shrs May Rise On Regional Strength,Sentiment

Forex news China shares may open up on strength in regional markets, improved sentiment following last 2 sessions' rises. Shanghai Composite Index to likely test psychological support of 2900 after ending +3.0% at 2861.42. "Some investors sought bargains on positive market sentiment, and they realize there is a big risk if they keep short positions at such low levels" after falls over recent months, says Gui Haoming at Shenyin Wanguo Securities. Analysts say upside may be limited as market looks for more cues from this week's Politburo meeting. Shenzhen index +3.4% to 852.77 yesterday.



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