Asian Market Wrap:
Asian Market Wrap: Stock markets traded mixed in Asia, after the rebound on Wall Street yesterday, where the Dow Jones managed to close with a gain of 2.33% after a late rally. Volatility funds seem to have fueled the recent sell off and markets are still trying to settle down with large swings on Wall Street followed by early gains in Asia, before bourses started to fall back. Nikkei and ASX 200 managed to hang on to some of their gains and closed up 0.16% and 0.75% respectively. Hang Seng and CSI 300 fell back into negative territory and are down -0.29% and -2.23% respectively, after reports that China banks raise mortgage rates hit property stocks. U.S. stock futures are also down, while FTSE 100 futures are moving higher. Bond yields are also mixed, with the 10-year Treasury yield down -3.2 bp, while 10-year JGB came down from highs and is at 0.066%, Australia's 10-year moved higher, South Korean bonds remain supported.