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It seems that pressure on some of the recent "usual suspects" across China & Hong Kong i.e. China Evergrande, Alibaba, Meituan and Tencent, is adding to the downward impetus for risk appetite. The pressure originated in the NASDAQ 100 e-mini contract on the back of Amazon's quarterly earnings report. We have detailed the headwinds for the aforementioned Chinese tech heavyweights on several occasions this week.