Chinese markets have largely shrugged off.....>

CHINA: Chinese markets have largely shrugged off the WSJ report which noted

ongoing issued in US-China trade negotiations and the tensions surrounding the

extradition of the Huawei CFO. USDCNH has edged lower on the day after some

early weakness to last trade at 6.7520, just ahead of its 200dma. 

- Despite a crash in tech stocks the major indices have recovered early losses

to trade marginally up on the day, with the CSI300 looking to recover the 3200

level to shift the outlook bullish. The Hang Seng has managed to hold clear of

its Dec 4 highs, keeping the recovery intact. 

- 10 year bond futures are up 14 ticks but off their highs after failing to

overcome the 21dma, while the swap curve is 1.5-3.0bps lower amid some slight

flattening. 

- Equity and bond prices have displayed a negative correlation in recent days.