China stocks poised to extend gains

SHANGHAI - China's stocks are set to extend gains after the benchmark Shanghai Composite Index breached its 100-day moving average last week, according to DMG & Partners Securities Pte.

The Shanghai Composite advanced 3.2 percent last week to 3,157.96, the biggest weekly gain this year and higher than its 100-day moving average of 3,136.

The gain is "signaling that the index would continue to appreciate", James Lim, Singapore-based analyst at DMG, wrote in a report.