President Xi Gets Involved In 2nd Half Economic Planning

Key News

Asian equities were mixed overnight on light summer volumes as Japan outperformed and Hong Kong underperformed following a steep selloff in US-listed China stocks on Friday.

There was no catalyst for today’s drop other than investors anticipating the Politburo meeting at the end of the month. Mainland China was off but not nearly as much as Hong Kong in our typical foreign investor freak out while Mainland investors shrugged their shoulders.