Rishaad looking at the state of the markets, in flux in this part of the world. On wall street, equities ending a winning streak, and this time we cant point the finger at the bond market. Earnings are the primary culprit this time around. A major blow as it has really had some missteps taking on amazon. Haidi a pretty mixed picture going into the proper asian trading session that is underway. We are still watching the bond market. A huge week as u. S. Markets came back from president s day. We had a round of treasury auctions. Take a look at this chart. Pretty staidlly a session. 2. 9 ,year hitting about inching closer to 3 . Twoyear, twomonth and threemonth, they went up to rates we havent seen since 2008. Something of a litmus test in terms of how quickly and how disruptively these yields could rise. It is not how high the yields will go, but how quickly the bond markets will selloff, that will have implications. We will have that 30 minutes away from the open in hong kong. Singapor
Also traction in the nikkei and topix today. Playerseeing energy showing signs of weakness, crew tracking at a twoweek low, so weakness coming through from or oil players. From stockstch out that have been doing well as of in particular. Some of the movers we are keeping an ion, samsung has hit a record high, up 4 . We have been speaking about the stock, finally investors have turned positive about pressure for change. You are seeing weakness from some of the korean cosmetic players. They rallied strongly during yesterdays session. Cosmax and others have been upgraded to buy. Metals, sliding from a twoyear high, perceptions in the market that supply is still ample. Iron oree saying should be near 50 a ton. Higher for an fourth session, up. 2 due to dollar weakness. If we look at the offshore renminbi, up. 2 . Fixpboc increasing its yuan slightly from yesterdays fix. Haidi thank you for that. To a twoweekose low, some fluctuations in the session. Cessio refuses to lower production despi
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