The evening started with disappointing Japanese trade data cross the board – weakest imports, exports, and trade balance in 6 months – which follows the largest selling of Japanese stocks by foreigners ever. China opened with the first rise in margin debt in 6 days, stocks were mixed in the pre-open after last night’s epic farce ramp. PBOC strengthened the Yuan fix modestly and also injected another CNY 40 billion.
Japanese trade data was disappointing…