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Comment For China Stock Market 2016/07/06

China stocks stayed firm for optimistic sentiment went on. SHA climbed about 0.36% with money flowed into Non-Ferrous Metal Mining, Wine Brewing and Real Estate sectors the most.S hangdong Homy Aquatic Development Co. rallied to limit-up for its cooperation plan with a Korean Hospital, which enabled it to expand into Medical Trip business. CNYUSD fell to a new low since 2010 Oct as investors believed that gov won't interfere the currency until it hits 6.8 against USD to boost export sector. In commodity market, egg, gold and silver futures continued the bull run, mostly for flood damage of hen population and expectation of a easing Fed Minutes record. While other commodities, from bitumen to veg oils, suffered from strong selling off and five contracts hit limit-down. The improvement of US weather pressured the soy complex overnight also. But we still hold the thought that agri-commodities should have better performance than equity in the summer, given speculators still have Aug and Sep ahead to bet on new adverse weather in both China and US, even SHA also got a perspective rally toward 3100.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.