Bourses Bounce

Asian markets bounced back Friday from the previous day's losses, the Hang Seng led gains rising over 1.5%, the upside was attributed to healthy buying into tech firms that were battered Thursday by China's latest clampdown on the gaming industry, while shares in mainland China also ticked higher with reports coming during the session that US President Biden and his Chinese counterpart Xi had spoken on the phone and agreed to a more open dialogue going forward. Markets in Japan resumed their rally, rising over 1% and on track for a third straight weekly advance. In the US futures are higher, rising after equity markets recorded the worst losing streak since June with the S&P 500 dropping for four straight sessions. European industrial production data features in a quiet early calendar on Friday, however US PPI and Canadian August employment may prompt some action, headlining the US session data docket.