China Reverses Early Losses On US Trade Talks

A mixed session for indices in the Asia-Pac region. Markets in mainland China are just keeping their head above water, reversing early losses after the US and China reported holding preliminary trade talks. Markets in South Korea have also managed to eke out some gains, the BoK kept rates on hold and upgraded forecasts as well as issuing a positive assessment of the economy. Markets in Japan are lower, the Japanese government cut its assessment of the economy Wednesday, following an extension and expansion of the Covid-19 state of emergency. In the US future are lower, the Nasdaq is the laggard after outperforming yesterday. Fed's Quarles spoke late on and said that the FOMC could discuss tapering in the coming months if the economic recovery continues.