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A bit of weakness is creeping into Chinese....>

CHINA: A bit of weakness is creeping into Chinese assets today following a
recent positive run. Stocks have edged lower but the key support level of 3000
on the CSI remains intact. The ongoing outperformance of the Chinext is also a
bullish factor as the index managed to hold above its Oct lows last week
creating a bullish divergence with the major indices. 
- Expectations of further easing by the PBOC is keeping Chinese rates under
pressure with e 2 year down another 3bps today at fresh cycle lows of 2.5475%.
- The re-widening of US-China yield spreads appears to be preventing a break
below neckline support in USDCNH, which comes in at today's low of 6.8431.

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