Asian markets had a strong day with China and Hong Kong off a touch. After China’s market close yesterday, the reviewed money supply and credit growth figures were released, with the latter coming in a touch light. Central bankers globally, including the PBOC, are not apt to pull the stimulus rug out from under investors in the short run. The release was cited as taking some momentum out of the market and leading to profit-taking in leading sectors.
We also had news that the Sinovac Biotech coronavirus vaccine was only 50% effective in a Brazil study. There is a flareup of coronavirus in three cities in northern China, which are headed to