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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: Weekend geopolitical developments surrounding Huawei (China issued
Canada with an ultimatum & summoned a U.S. ambassador to protest the matter),
coupled with a soft breakdown in the latest round of Chinese trade data weighed
on risk assets from the get go in Asia, with the region also playing catch up to
a soft wall St. session on Friday.
- The Nikkei 225 last trades 2.2% lower, while the Hang Seng is 1.4% worse off,
the CSI 300 is 1.2% lower & the ASX 200 trades 2.2% softer.
- U.S. equity index futures trade just off of worst levels at writing.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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