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China Shares May Open Up On Oil But Gains Capped

Forex News China shares may open higher on continued decline in crude oil prices. Shanghai Composite Index tipped to test psychological resistance of 2850 after ending +3.5% at 2778.37, helped by gains in oil refiners, airlines. "But a rebound helped by only these sectors is not sustainable, as investors will still avoid financial firms and property developers because of concerns about the slowing economy," says Wu Feng at TX Investment. Shenzhen index +3.0% to 824.68 Friday.




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