Chinese equities were the only game in.......>

STOCKS: Chinese equities were the only game in town during Monday's Asia-Pac

session.

- The aforementioned supportive measures outlined and adopted by policymakers

over the last couple of days didn't do much to stem the losses for Chinese

equity markets on Monday, with mainland shares crashing lower in the wake of the

post-LNY re-open.

- Short selling bans, talk of regulatory advisories suggesting that brokerage

traders should not be net sellers of Chinese equities this week, liquidity

provisions and cuts to the rates applied to today's PBoC OMOs failed to prop the

space up.

- However, the measures seemingly provided support for U.S. equity index

futures.

- Nikkei 225 -1.1%, Hang Seng +0.1%, CSI 300 -8.2%, ASX 2009 -1.2%.

- S&P 500 futures +20, DJIA futures +160, NASDAQ 100 futures +70