By Chris Becker
Risk markets are very mixed with a stall on Wall Street not replicated in Asian or European markets, with the latter helped by a much stronger USD. Although US Treasuries sold off slightly, the lessening prospect of any further interest rate rises by the Fed was overshadowed by concern of the continuining US/China trade talks this week.
Looking at the action on the Asian session yesterday, the Shanghai Composite closed nearly 1.4% higher to 2653 points and continued to build on its solid run on Friday. The Hong Kong Hang Seng Index closed nearly 0.7% higher to 28143 points. This still keeps it well above former resistance, now firm support at the previous false break high at 27300 with momentum still in a good zone for this rally to continue:
