By Chris Becker
What a night! A shock on each side of the Atlantic as the Comey testimony gripped America, while the UK election looks like a big loss for the Tories, with volatility jumping and the Pound thumping, losing over 2% on the exit poll result. Oh and the ECB had a meeting keeping policy tight, starting a small selloff in European bonds and Treasuries. Its going to be a busy day here in Asia for sure…
In mainland China the Shanghai Composite closed 0.3% higher to 3050 points, trying to build on its breakout yesterday above key support at the 3100 point level. The daily chart’s bullish double bottom pattern is now locked with 3200 the first upside target:
