Chart of the Week

Chinese stocks tested their 2022 lows last week after plunging over -4%, a move we had previously flagged as a possibility as the two-plus year downtrend by the CSI 300 remains in play, i.e. it’s corrected ~40% with further losses looking likely early this week.

• We are keen buyers on a “false dip” by the CSI 300 Index under last year’s 3495 low – similar to the US Russell 2000 Index.