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Short-term Resistance Level Still Blocks China Stocks

China stocks banged against key short-term resistance again Thursday and retreated again, but numerous analysts still think a breakthrough is around the corner.The Hang Seng Index in Hong Kong
Positives from Europe and China helped China stocks build on last Friday’s big gain when the Hong Kong market reopened Tuesday after a holiday.The Hang Seng Index rose 1.5% to 19,736, and the
China stocks continue to digest healthy gains made in January after running into strong technical resistance in early trading on Monday. But underlying sentiment seems bullish, and more gains are
China stocks fell again Monday after reports of helpful Chinese government steps provided a short-lived boost Friday. News of the death of North Korean leader Kim Jong Il contributed to the
Monday’s wide swing in China stock prices gave a taste of the volatility that seems to be in store this week in the face of major uncertainties.The Hang Seng Index in Hong Kong climbed more than