Japan Rally Continues

A quiet session in the Asia-Pac time zone saw most equity markets sustain minor losses, Japan was the exception where bourses rallied for an eight day. In Japan the LDP leadership race remains in the spotlight, albeit the latest headline flow surrounding the matter included little in the way of market moving updates. In China markets are slightly lower, Evergrande weighed on indices after dropping below its 2009 IPO price after its ratings were cut further. Most EM bourses are in minor negative territory after taking a negative lead from the US and as the greenback held the previous day's gains. In the US futures just about in the green after a lacklustre day on Wall Street, tech gains nudged the Nasdaq marginally higher to another record, while the benchmark S&P 500 and Dow Jones slipped.