Shanghai Composite up to highest levels since 2 July

And all of yesterday's losses have already been erased. The index is now up 2.1% on the day, with the Hang Seng index also stretching gains to session highs up 0.9% currently.

The Nikkei is also following suit posting gains of 1.2% as we head into the final hour of trading for Japanese stocks. It's been pretty much a U-turn in sentiment to what we saw yesterday, further emphasising the fact that markets are "quick to forget" and some things just don't change.