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Holding Firm, China Matters In Focus

US TSYS

Tsys remain underpinned as Chinese & Hong Kong equities rally further on the day and the broader USD weakens, with China re-opening plays, signs of the potential for deepening of Sino-German economic ties and BBG source reports noting that “U.S. audit officials completed their first on-site inspection round of Chinese companies ahead of schedule, a sign of progress in the closely watched process to prevent the delisting of hundreds of stocks from Alibaba Group Holding Ltd. to Yum China Inc.,” all factoring into price action.

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Tsys remain underpinned as Chinese & Hong Kong equities rally further on the day and the broader USD weakens, with China re-opening plays, signs of the potential for deepening of Sino-German economic ties and BBG source reports noting that “U.S. audit officials completed their first on-site inspection round of Chinese companies ahead of schedule, a sign of progress in the closely watched process to prevent the delisting of hundreds of stocks from Alibaba Group Holding Ltd. to Yum China Inc.,” all factoring into price action.