A closed Wall Street saw risk markets not just take a pause but fall back as Chinese growth concerns increased following last week’s central bank ructions. Today’s session and the return of US traders will see increased volatility as a result with futures indicating flat starts for most Asian stock markets.
US bond markets were closed and oil prices moderated due to the holiday as well with Brent crude futures indicating a level around the $76USD per barrel, holding on to the weekly high. Gold deflated yet again as it remains contained below the $1950USD per ounce level.
Looking at share markets in Asia from yesterday’s session where mainland Chinese share markets were down all session with the Shanghai Composite finishing some 0.5% lower to revert back to the mid 3200 point level while the Hang Seng Index sunk nearly 0.7% lower to pull back below the 20000 point level at 19912 points.
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