By Chris Becker
The return of Wall Street saw risk markets nudge a little higher while a surge in USD weakness due to the leaked concerns of the US trade delegation for a more stable Yuan saw major pairs move swiftly against King Dollar, which should provide a headwind to Asian stocks here today.
Looking first at the action on the Asian session yesterday, The Hong Kong Hang Seng Index is also off, down about twice as much or 0.4% to 28240 points. Again this means no new daily high with price continuing to cluster around the 28500 resistance level, so I’m watching closely for signs of a reversion and a move down to the low moving average:
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