Asian Market Wrap:
Asian Market Wrap: 10-year Treasury yields are down -0.6 bp at 3.024%, JGB yields moved up 0.3 bp to 0.076%. Asian stock markets moved higher ahead of the closely watched meeting between Chinese and U.S. leaders that is hoped to help prevent an escalation of trade tensions amid more signs of a slowdown in China. The manufacturing PMI fell back to 50.0 - signalling stagnation, from 50.2 in the previous month, while the non-manufacturing reading dropped to 53.4 from 53.9. Topix and Nikkei managed gains of 0.48% and 0.40% respectively. the Shanghai Comp is up 0.24%, but the Shenzen Comp is down -0.07%, while the ASX slumped -1.58% amid worries of the impact of slowing growth in China, uncertainty about U.S-Sino relations and low oil prices, which are slightly above recent lows, at around the USD 51.50 mark this morning. U.S. futures are also heading south.