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Market review: April 19, 2016

Fang submitted 2016-04-19 15:31:05

Market review:

China stocks keep stable for bullish expectation of macro data.

Research Notes:

Money flowed into Aviation, Banking and Automobile sectors the most. Fujian Start Group(600734.sh), a real estate developer, rallied to limit-up on its positive perspective of profit making in annual report to be released.

As rebar and coal futures rallied to limit-up in commodity market, it’s a clear sign that investors are still pricing for more stimulus from central banks and thrive of real estate sector. We believed that such bull trend can run at least into end of April and the only variable can affect it might be the change of stance of Fed, if any.

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