A gain in Chinese stocks this month may be “vulnerable” to a slump that could drag a key stock index as much as 26 percent lower, CIMB-GK Research said. The Shanghai Composite Index rose in all but one of the previous 11 sessions, marking the second leg of a five-wave trend, and is nearing a key resistance level, analysts Nigel Foo and Kong Seh Siang wrote in a report today. Declines could take the index to near the 2,200 and 2,300 range, they added.
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