Firm conviction behind Asian stocks recovery

FXStreet (Bali) - As reported by Patrick McGee, Editor at FastFT, today's Asian equity moves have quite a strong conviction behind, noting a turnover vs 30-day average of +158% in Hong Kong's Hang Seng, +150% in the Japanese Nikkei 225 and +128% in the Australian ASX.

PBOC: Big-bang stimulus package looming? - Nomura

Nomura Asia Economics Team, in a note to clients, does not rule out a big-bang stimulus package of measures – monetary, fiscal, and stock market stabilisation – by China, in order to generate a maximum signaling effect, they write
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USD back in control as risk-appetite returns, a set of German data – Next up

Markets completely ignored extended sell-off in the Chinese stocks and enjoyed some improving risk scenario with the US dollar fighting back lost footing versus its major peers. The Antipodeans rebounded from the recent hammering tracking the bounce witnessed in commodities on Tuesday.
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