Meaningful Round Of Chinese Property Support Catches Many Off Guard

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

• Nikkei 225 down 215.33 points at 28048.24
• ASX 200 down 11.651 points at 7146.3
• Shanghai Comp. up 13.964 points at 3101.677
• JGB 10-Yr future down 21 ticks at 149.27, yield up 0.1bp at 0.243%
• Aussie 10-Yr future down 11 ticks at 96.23, yield up 11bp at 3.764%
• U.S. 10-Yr future down 0-11+ at 111-30+, yield up 8.24bp at 3.8949%
• WTI crude up $0.04 at $88.99, Gold down $11.91 at $1759.35
• USD/JPY up 85 pips at Y139.66
• BETTER CPI ‘JUST ONE DATA POINT’ – FED’S WALLER (MNI)
• FED FACES TOUGH TASK DECIDING WHEN TO STOP RAISING RATES, DALY WARNS (FT)
• DEMS KEEP CONTROL OF SENATE (ABC)
• UK C’LLR HUNT: EVERYONE WILL HAVE TO PAY MORE TAX (BBC)
• HUNT GIVEN WARNING OF £70BN INCREASE IN UK GOVERNMENT BORROWING (FT)
• BIDEN LOOKS TO SET GUARDRAILS ON US-CHINA TIES IN XI MEETING (BBG)
• CHINA PLANS SWEEPING RESCUE POLICIES TO AVERT PROPERTY CRISIS (BBC)