Worry surrounding the first USD/CNY fix......>

STOCKS: Worry surrounding the first USD/CNY fix after mainland China's Labour

Day holidays, coupled with USD/JPY breaking below last week's low built on the

negative momentum that was seen into the NY close (largely attributed to the

commentary provided by Fed Vice Chair Clarida), weighing on e-minis in early

Asia-Pac trade.

- The USD/CNY fix failed to generate the fireworks that many feared, with the

bid in crude also providing some light support for the equity space, allowing

e-minis and the major regional Asia-Pac equity markets to move away from lows.

- Liquidity is still thinned by the ongoing Japanese holiday, although Tokyo

will return to action on Thursday.

- Hang Seng +0.7%, CSI 300 +0.4%, ASX 200 +0.6%.

- S&P 500 futures +3, DJIA futures +29, NASDAQ 100 futures +9.