 S&P 500 and NASDAQ made record highs overnight but sentiments turned around in Asia. Weaker than expected China PMIs raised doubt on the sustainability of the post lunar new year recovery. There is even question on whether slowdown has bottomed. Nevertheless, Chinese stocks remain resilient so far, with Shanghai SSE staying comfortably above 3000 handle. In the currency markets, Australian Dollar is the weakest one for today for its economic tie with China. New Zealand and Canadian Dollars are the next weakest. Yen is the strongest one for now, followed by Sterling and then Swiss Franc. The big picture could drastically change in European session with Eurozone GDP featured. We'd finally see how bad the slowdown in Eurozone was. Technically, Dollar and Yen remain generally in corrective mode and consolidations are set to extend further. It should be a matter of time when the two resume recent rises. The question is who'd be stronger. Judging from the price actions in USD/JPY, Yen is having a slight upper hand. In Asia, currently, Hong Kong HSI is down -0.48%. China Shanghai SSE is up 0.43%. Singapore Strait Times is down -0.31%. Japan remains in the ultra-long 10-day holiday. Overnight, DOW rose 0.04%. S&P 500 rose 0.11%. NASDAQ rose 0.19%. 10-year yield rose 0.031 to 2.536. | 
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