It was a mixed session in Asia, with the major market indexes finishing on both sides of breakeven. In China, a double-dose of improving manufacturing PMI's did little to offset concern over a flush of shares set to hit the market once a number of lock-up periods expire in December. However, manufacturing stocks in Japan were buoyed by the data, with heavyweights Hitachi Construction Machinery Co. and Sumitomo Heavy Industries Ltd. surging a respective 1.6% and 3.5% on the day. By the close, Japan's Nikkei added 0.1%, Hong Kong's Hang Seng fell 1.2%, China's Shanghai Composite dropped 1%, and South Korea's Kospi rose 0.4%.
It's a generally upbeat day across the pond, with traders reacting well to China's expanding manufacturing indexes. Additionally, although a report showed manufacturing activity across the euro zone contracted for a 16th straight month, the index improved over its October reading. Meanwhile, Greece announced today it will hold a Dutch auction to buy back $13 billion worth of bonds, in an effort to secure its next tranche of aid. At midday, London's FTSE 100 is 0.6% higher, the French CAC 40 has jumped 1%, and the German DAX has surged 0.7%.
Unusual Put and Call Activity:
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Recent XIV Action May Bode Well for Bulls
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