General weakness across the region today. Chinese banks were under pressure after Singapore sovereign wealth fund Temasek announced it was selling down its stake in China Construction Bank and Bank of China by HK$9.33B in each. China non manufacturing PMI also fell several points to 56.1 from 58.0 prior, adding to the mixed outlook on China. Sub-index for new orders and input prices also fell. Copper and silver futures were weaker in the session while corn and wheat gained.
Thursday, May 3, 2012
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