With Singapore, Hong Kong and mainland China all closed for the new year holiday, “volumes will be well below average and there tends to be a build-up of global leads that is released once Asian investors return to their desk – expect ‘release valve trading late in the week,” Evan Lucas, market strategist at IG in Melbourne, wrote in a note to clients.
Also over the weekend, North Korea’s launch of a long-range rocket drew international condemnation.
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