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KOREA RATES

Reduced Issuance In August

AUSSIE BONDS

YM Lifted

EQUITIES

E-Minis Lower Still

JAPAN DATA

Japan Jun Retail Sales +0.1% Y/Y; 4th Monthly Rise

AUSSIE BONDS

IRH3 Lifted

CHINA PRESS
CHINA PRESS: Regional Chinese government investments will remain a sizeable
driver for growth this year given that multiple provinces have started projects,
all worth over CNY100 billion, the Shanghai Securities News reported Wednesday.
Local authorities will focus on industrial projects and transportation
infrastructure, the report said citing regional government meetings. The more
stringent rules on local government lending vehicles and public-private
partnership projects imposed by the central government will however constrain
the overall funding efforts, the report said. (Shanghai Securities News)