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China Warns US Not to Cross Three Redlines

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Markets in Australia, China, Hong Kong and Taiwan were closed today which kept liquidity thin and the economic docket light. Markets that were open were higher though moves were muted. Bourses in Japan rose around 0.3% while in South Korea markets hovered around neutral. In the US futures are in positive territory, creeping higher as US yields inch up ahead of the FOMC rate announcement later this week.