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COMMENTARY

Rebound could be technical move

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While we saw a bounce in most Asian equity markets on Tuesday, Chinese stocks continued to fall as state buying was nowhere in sight.

WHILE we saw a bounce in most Asian equity markets on Tuesday, Chinese stocks continued to fall as state buying was nowhere in sight. This raised the question whether the rebound was just a respite.

The Shanghai Composite decimated the 3,000 level, closing down 7.6 per cent, at 2,964.97.

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