U.S. regulators will be given access to conduct audits of Chinese companies listed on Wall Street, according to the latest reports from Bloomberg. The risk of delisting from U.S. exchanges has weighed on sentiment for Chinese stocks and fostered defensive sentiment among investors unwilling to risk buying stocks in the face of rising tensions between Washington and Beijing.
CHNComp resumed bullish momentum and traded higher. The support levels at 6550 points set by the two previous price reactions, along with the SMA100 (black) and SMA200 (red) averages, are now key support levels. The 100-period average has crossed the 200-period average from below, forming a bullish formation described in technical analysis as a 'golden cross'.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
