I posted earlier in the session, pre-Tokyo, on the rise for FX against the dollar and the cheery beginning to the week for US equity index futures (Sunday evening Globex trade).
Early-Monday super-thin liquidity moves are to be taken with care.
The unwind has come with news ou of Hong Kong that shares in troubled firm Evergrande, and related instruments, have been suspended from trade>
- Evergrande share trading has been suspended in Hong Kong
- Evergrande USD payment due today, has a 5-day period for dealing with (cough) administrative issues
- New week, same China Evergrande worries - China looks to make good for home buyers. Bondholders not so much
AUD give-back, as an example but the moves are more widespread than just this:
