The evening started with disappointing Japanese trade data cross the board - weakest imports, exports, and trade balance in 6 months - which follows the largest selling of Japanese stocks by foreigners ever. China opened with the first rise in margin debt in 6 days, stocks were mixed in the pre-open after last night's epic farce ramp. PBOC strengthened the Yuan fix modestly and also injected another CNY 40 billion. Japanese trade data was disappointing... *JAPAN AUG. EXPORTS RISE 3.1% Y/Y, EST.. +4.3% *JAPAN AUG. IMPORTS FALL 3.1% Y/Y, EST -2.5% *JAPAN AUG. TRADE DEFICIT IS 569.7B YEN, EST 540.0B All at 6-month lows and missed expectations. Foreigners have never sold more Japanese stocks ever... Which explains why The BoJ was buying so heavily!! And for now, a rampacious bid open is being sold... * * * Then China opens.. And Margins are on the rise again... *SHANGHAI MARGIN DEBT BALANCE RISES FIRST TIME IN FIVE DAYS Stocks are mixed after last night's epic ramp idiocy.. *CHINA'S SHANGHAI COMPOSITE INDEX FALLS 1% TO 3,119.89 AT OPEN *CHINA'S CSI 300 INDEX SET TO OPEN DOWN 0.7% TO 3,287.66 Regulator's pressure appears to be paying off... MS & CS have ceased offering synthetic short products under Shanghai-Hong Kong Stock Connect. Good boys!! — Simon Ting (@simonting) https://twitter.com/simonting/status/644314712289636352!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); PBOC added more liquidity... *CHINA PBOC TO CONDUCT REVERSE REPOS: TRADER *PBOC TO INJECT 40B YUAN WITH 7-DAY REVERSE REPOS: TRADER And then strengthgened the Yuan fix... *CHINA SETS YUAN REFERENCE RATE AT 6.3670 AGAINST U.S. DOLLAR Charts: Bloomberg