Overnight Price Action
The 0.8% rise in the S&P overnight has helped the Nikkei to rally 1.3%, but most other Asian equity markets are down on the day as pre-FOMC position squaring continues. S&P futures are down 0.2%. Shanghai is off 1.4%, Hong Kong is down 1.2%, and Kospi has fallen 0.7%.
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Credit Suisse