07:30 Asia Market Update via TradeTheNews


Modest gains generally seen in Asia after strength on Wall St; Shanghai outperforms General Trend: - Shanghai Composite extends gain and outperforms [leaders included the IT, Consumer Staples and Financial indices]; No new headlines seen related to Huarong - Hang Seng has also extended gains after the higher open [Financials trade generally higher] - Nikkei opened higher and is currently near the opening level - S&P ASX 200 rose following the flat open [Resources index is gaining for the first time in 5 sessions] - RBNZ is due to hold policy decision on Wed (May 26th); NZ 10-yr yield declines ahead of decision - Companies due to report during the NY morning include AutoZone, Cracker Barrel, Citi Trends, Tarena International, ViaSat.