CSI 300 index up more than 2% on the day now
Risk-on is the message being sent from Asian traders today. Suddenly, the backdrop of a trade war between US and China appears to be all but forgotten as the new trading week gets underway.
The Shanghai Composite is up by 1.9%, the Hang Seng index is up by 1.6% while the Nikkei is up by 1.3% in the final hour of trading.
US equity futures are also up on the day, with S&P 500 futures trading higher by 0.3%. That's setting the tone so far in trading and is giving the aussie a good lift on the day so far. AUD/USD is now trading at the highs currently at 0.7463, same goes for AUD/JPY at 82.43.
