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Jobless claims butter outlook for China stocks on Wednesday

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Asia_2Dec. 2, 2009 (Chinavestor) Chinese stocks advanced in Asia ahead of the jobless claims report in the U.S. American index futures reversed course and charged north following the better then expected ADP employment report ahead the bell on Wednesday. All this suggests a strong market day for the China stock investor for today.

For a stock specific break down read today's overbought/oversold report: China stocks on the move on Wednesday.

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Looking at Chinese ADRs, ETFs and indices combined, the Morgan Stanley China Fund (NYSE:CAF) has the most ground to make up to match the performance of the Shanghai Composite. But the rest of the China ETF universe looks good, not overbought and ready to rumble on the back of a strong american market.

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