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Chinese banking stocks stage surprise rally

Shares may be overdue a pullback. Both Agricultural Bank and Bank of China have relative strength indices of about 86, the highest among members of the Hang Seng China Enterprises Index.

Hong Kong

CHINESE bank stocks have gone from cold to hot in a matter of days.

Take Agricultural Bank of China Ltd. After falling by an annual average of 2.7 per cent since its Hong Kong listing in 2010, the cooperative lender has climbed 14 per cent in a blistering eight-day rally...

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