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China stocks await U.S. trading

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wind_4 September 6, 2011 (Chinavestor) Traders were looking for clues on Tuesday in Asia after steep losses a day before. While the U.S. was celebrating Labor Day, world markets fell on Monday after a weak jobs report in the U.S. last Friday. But with most of the bad news already incorporated into the prices, stocks were missing direction in Asia on Tuesday.

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The Shanghai Composite Index (SHA:000001) fell 0.3% while the Hang Seng Index (JNDEXHANGSENG:.HSI) made a surprise comeback in the afternoon session, closing 0.5% higher for the day. Index heavy weight Petrochina Co. Ltd .(HKG:0857) and China Mobile (HKG:0941) pulled in the index higher in a late rally, buoyed by  recovering European markets.

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Chinese small cap stocks remained extremely volatile with a good number of them surging over 10% a day. For the most exciting stock list, visit today's overbought/oversold report: China small caps at extremes early Sept.



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