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(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play


(M2) Gains Still Considered Corrective

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STOCKS: The leg higher in U.S. stocks Tuesday has resulted in a buoyant session
for Asia-Pacific stocks thus far (excluding China).
- The Nikkei 225 has drawn additional support from USD/JPY operating back above
Y112.00, trading 1.5% higher at writing, after trend line support provided the
benchmark with a base to build from on Tuesday.
- Chinese stocks have suffered on the back of another shaky session for the
Chinext index, with the CSI 300 trading 0.2% lower in the morning session, after
adding over 1.0% at the open.
- The Hang Seng is closed for a market holiday.
- The ASX 200 added 1.2%, with all of the major sectors, excluding materials,
moving higher.
- U.S. index futures trade unch. to a touch softer. A bumper earnings release
from Netflix after-market propelled futures to session highs late Tuesday.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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