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Japan, Barclays spur optimism for China ADRs

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optimism Feb. 16, 2010 (Chinavestor) Chinese stock markets are closed in observance of the Chinese New Year. Hong Kong is going to be open from Wednesday while Shanghai and the rest of the mainland's markets remain closed for the rest of the week.

But investors gained confidence that the global economic recovery is on its way following strong economic data from Japan and better-than-expected earnings from Barclays (BCS) while Deutsche Bank (DB) got a major upgrade from Credit Suisse.

The Chinese earnings calendar is light for the week - so expect marekt momentum to dominate for much of the trading day on Wednesday. For a stock specific break-down, read China stocks on the watch list for Tuesday.

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