FW: [Maybank] Will Sell-off in Chinese Equities Extend?

 

 

GBL: Will Sell-off in Chinese Equities Extend? Global Markets Daily by Saktiandi Supaat FX Research Focus today on Chinese equities if it will extend yesterday's selloff amid concerns of bond market sell-off and government efforts to cool gains in some Chinese counters. Continued sell-off in equity could weigh on sentiment and result in risk-aversion proxy trades (i.e. favouring gains in JPY, CHF, and EUR). Quiet session overnight with US closed for Thanksgiving day holidays. We expect liquidity to remain thin and activity to remain subdued ahead of the weekend. USD/AXJs remain soft with KRW.. Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.