General Trend:
- Hong Kong gaming names decline amid impact of Typhoon Mangkhut
- Nikkei 225 closed for holiday
- Trump to announce tariffs on $200B in Chinese imports to go into effect within weeks; announcement could be within days (Press)
- China PBoC conducts second medium-term lending facility (MLF) operation this month
Headlines/Economic Data
Australia/New Zealand
- ASX 200 opened -0.2%
- (AU) Australia ACCC: Says it has put telecom companies on notice regarding false & misleading ads, may bring court proceedings against executives of telecom companies
- (NZ) New Zealand Aug Performance of Services Index: 53.2 v 55.1 prior
China/Hong Kong
- Shanghai Composite opened -0.4% , Hang Seng -0.9%
- (CN) On Sunday Typhoon Mangkhut started to affect southern China and Hong Kong; China’s National Observatory issued its highest alert level – Press
- (CN) China Aug New Home Prices M/M: 1.5% v 1.2% prior; Y/Y: 7.0% v 5.8% prior (highest since Aug 2017)
- (CN) CHINA PBOC CONDUCTS CNY265B IN 1-YEAR MEDIUM-TERM LENDING FACILITY (MLF) V CNY176.5B PRIOR AT 3.30% V 3.30% PRIOR (2ND MLF OPERATION THIS MONTH); Skips open market operation (OMO)
- (HK) Hong Kong Monetary Authority (HKMA) said it can better deal with crisis than in 1997 and 2008 – HK Press
Japan
- Nikkei 225 closed for holiday
Korea
- Kospi opened -0.2%
- (KR) The schedule is being released regarding the Sept 18-20th North and South Korea summit: The first inter-Korean meeting due to be held after lunch on Tuesday
- (KR) Bank of Korea (BoK) sells KRW310B in 6-month monetary stabilization bonds; yield 1.720%
- (KR) South Korea sells KRW600B in 20-year bonds, avg yield 2.260%
Other
- (ID) Indonesia Aug Trade Balance: -$1.0B v -$607Me
- (SG) Singapore Aug Non-Oil Domestic Exports M/M: +0.4% v -2.4%e; Y/Y: 5.0% v 5.3%e
Europe
- (UK) UK Sept Rightmove House Prices M/M: +0.7% v -2.3%; Y/Y: 1.2% v 1.1% prior
- (UK) British Chambers of Commerce (BCC) cuts 2018 UK GDP growth forecast to 1.1% vs 1.3% prior
Levels as of 01:30ET
- Nikkei 225, closed for holiday; ASX 200 +0.2%, Hang Seng -1.8%; Shanghai Composite -1.2%; Kospi -0.9%
- Equity Futures: S&P500 -0.2%; Nasdaq100 -0.2%, Dax -0.3%; FTSE100 -0.2%
- EUR 1.1638-1.1621 ; JPY 112.14-111.93 ; AUD 0.7161-0.7141 ;NZD 0.6559-0.6538
- Dec Gold -0.1% at $1,199/oz; Oct Crude Oil -0.1% at $68.72/brl; Dec Copper +0.3% at $2.621/lb
