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Osama rally for Chinese stocks

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strong1 May 2, 2011 (Chinavestor) There was no trading on Chinese stock exchanges on Monday, May 2nd due to a public holiday in China. This suggests there is not much trading intelligence to gain from Asia for the day, except a huge catalyst for U.S. index futures: the death of Osama Bin Laden. News that Al-Qaida's number one is killed sent index futures soaring before the opening bell.

 

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This bodes well for Chinese ADRs before the opening bell on Monday. Stocks with momentum are expected to do well - for a technical rwading of Chinese stocks visit today's overbought/oversold indicator.

 



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