(Bloomberg) -- China’s Shanghai Composite Index may extend its biggest weekly advance in more than three months before testing a key resistance level, according to DMG & Partners Securities Pte. The benchmark stock index surged 5.6 percent last week, rising to 3,164.04, the highest since Aug. 7. The next test will be 3,406, the 161.8 percent Fibonacci extension of an earlier wave of gains, he added. The measure rose 0.4 percent to 3,175.38 as of 10:46 a.m. in Shanghai.
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