We would keep an eye on this market. It has been decimated. It also appears to be establishing a base.
We are not Long yet, but may become so in that not too far future.
We want to see the uptrend. The market is already hated, and it appears to no longer be going down on bad news.
We also note that in comparison with other emerging markets, the currency is not a risk.
http://bloomberg.com/apps/cbuilder?ticker1=HSCEI%3AIND
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