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Actionable news in QQQ: PowerShares QQQ Trust, Series 1,

Market Talk - Thursday, August 10

Although Asian core all closed lower it really wasn’t that bad – at least in the Asian cash time zone. The JPY traded above the 110 level as cash rebounded at the close but then saw the late safety rally (US time zone). It was the large cap Hang Seng that appeared nervous in late trading when sellers emerged and volumes increased slightly. The index closed over 1% lower with real estate, financials, and insurers leading the decline. Japan’s economic data releases were not that encouraging either after machinery orders fell more than expected, but it was US’s Tillerson comment that supported the market. Secretary of State Rex Tillerson said that the US is engaged in a very active debate with North Korea which the markets took as very encouraging and is easing tensions. Core Shanghai lost 0.4% but many were talking that the currency is trading its strongest level since October 2016. SENSEX has...


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