Global Stocks Meltup Sweeps Up Greater China, Asia: Macro Squawk

Asian equities followed the lead from US stocks with a roaring advance, while the dollar consolidated after its post-CPI slump. The biggest equity gains seen in Greater China, led by the Hang Seng Tech index up 6.5%; Hang Seng 5.5%; H shares 5.6%; with Shanghai Composite up 1.5%; gains of more than 2% in Japan, Australia and Korea. Meanwhile, S&P futures, Nasdaq contracts touch higher. The dollar is up against most G-10 peers, with USD/JPY near 142.00; Asia EM currencies are mostly stronger. Treasury futures down 6 ticks at 112-10+; Australian bond yields are down across curve; JGB futures up. ...