By Chris Becker
Overnight markets were relatively calm without much selling pressure from the ongoing trade war, with Trump’s new tariff list hitting the headlines after the close and likely to upset the risk-on rally since the NFP print on Friday.
Recapping Asia’s session yesterday where the Shanghai Composite pulled back a little after lunch before a late run at the close saw it lift 0.4% to finish 12 points higher and above the previous level of support at 2800. Key long term support at 3000 points remains very strong resistance, but a bottom may be possible here, confirmed if price can get back above the daily high moving average band:
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