Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

The vast majority of retail client accounts lose money when trading CFDs.

You should consider whether you can afford to take the high risk of losing your money.

The vast majority of retail client accounts lose money when trading CFDs.
Important Notice - Fraud awareness
Important Notice - Scam alert
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Important Notice - Fraud awareness
Important Notice - Scam alert
The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
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Chinese Stocks Clear Important Resistance

The China 50 index was higher after clearing a critical resistance level and will seek further gains.

CHI50, Daily Chart

chi50 daily chart-Dec-01-2022-01-02-02-9155-AM

The CHI50 index was lifted from 12,000 over the last few days to trade at the 12,778 level on Wednesday. Chinese stocks rallied with the lifting of COVID lockdown restrictions in parts of critical districts in the country. Sentiment toward the country's investments has improved this month as Beijing has loosened some of its hardline approaches and offered further support to the property sector. That has traders speculating that China will soon exit its COVID Zero policy. Traders ignored rising case numbers and a growing number of protests across the country. Local governments in Panyu, Liwan, Tianhe, and Baiyun have lifted lockdown restrictions in parts of the four districts. US-listed China stocks are also set for their best month ever, with the Nasdaq Golden Dragon Index up 30%. Investors were also boosted by China's National Health Commission (NHC) comments. The governmental agency said it would make a more tremendous effort to provide COVID-19 vaccinations for its elderly population, aiming to protect the over-80s. It would also make booster shots available soon after. However, there was weak data for the Chinese economy on Wednesday, with the country's factory output and services industry worsening in November, according to a report released by China's National Bureau of Statistics (NBS). Growing frustration with the strict "zero-CO2" policy has sparked protests, with blank pieces of white A4 paper becoming a symbol of the movement.

Last Updated: 01/12/2022

This market commentary and analysis has been prepared for ATFX by a third party for general information purposes only. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell as it does not take into account your personal circumstances or objectives, and should therefore not be interpreted as financial, investment or other advice, or relied upon as such. You should therefore seek independent advice before making any investment decisions. This information has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. We aim to establish and maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. The market data is derived from independent sources believed to be reliable, however we make no representation or warranty of its accuracy or completeness, and accept no responsibility for any consequence of its use by recipients. Reproduction of this information, in whole or in part, is not permitted.


 

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