Marketmind: U.S.-China crisis?

Traders in Asia can expect a choppy start to the week as they absorb Friday's sell-off on Wall Street following a freakishly strong U.S. jobs report and heightened geopolitical tensions after a U.S. fighter jet shot down a suspected Chinese spy balloon on Saturday. This comes ahead of a busy week on the regional economic data and events calendar, which includes interest rate decisions from India and Australia, inflation and bank lending data from China, and current account figures from Japan. Traders in Asia had the weekend to digest the U.S. market action on Friday, and the signals are mixed. Wall Street fell as implied U.S. rates rose and 2023 rate-cut expectations faded, but tec...

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