Markets Coil, Awaiting A Catalyst

Below gives key levels of markets in the second half of the Asia-Pac session:

• Nikkei 225 down 279.09 points at 27970.15
• ASX 200 up 3.276 points at 7023.9
• Shanghai Comp. up 10.013 points at 3246.947
• JGB 10-Yr future up 7 ticks at 150.61, yield down 1bp at 0.165%
• Aussie 10-Yr future up 5.5 ticks at 96.820, yield down 5.7bp at 3.156%
• U.S. 10-Yr future +0-01+ at 119-29, yield down 0.55bp at 2.752%
• WTI crude down $0.21 at $90.54, Gold down $2.97 at $1785.98
• USD/JPY down 2 pips at Y134.93
• RISHI SUNAK AND LIZ TRUSS RULE OUT EMERGENCY BUDGET BEFORE NEW UK PM CHOSEN (TELEGRAPH)
• TAIWAN BEGINS LIVE-FIRE ARTILLERY DRILL TO DEFEND AGAINST CHINA (BBG)
• PBOC MAY REDUCE MLF INJECTIONS NEXT MONDAY (21CBH)
• CHINA UNLIKELY TO CUT INTEREST RATE AND RRR IN SHORT-TERM (SEC. DAILY)