Asia Afternoon Analytic: 180210

Afternoon readers,

A brief wrap up again, due to the sluggish trade today, which do not points too much to the direction. Notably, however, futures down 0.8% as oppose to cash down 0.54%, showing some weakness in the market. Though, should be added market may continue to be range bounding due to lack of catalyst as holiday mood prevails.

As for our prediction this morning, market reacted similar to our expectation, with the morning trade ending down 0.1%, whilst widened in the afternoon trade to 0.54%, slightly more than our expectation. The clear profit taker, as per expected, came from the commodity field, whilst banks also retreated and properties also took a notch down. These are clearly profit takers after the market rebounded by more than 5% after past 4 sessions.

As for looking ahead, all eyes is pointing towards again, the Greece issues, whilst eyeing the dollar movement may provide more leads coming ahead. Several corporates is also reporting today, like Walmart and Daimler that may point to how the market reacts.

ongy out.