vent, concluding its 2-day policy meeting and leaving policy unchanged ("maintaining" its Y60t-Y70t annual rise in monetary base). In Australia, the ASX200 closed just off the session lows as banks continue to see profit-taking. In Korea, the KOSPI gave up the 2000 level as foreign selling (-$223mn) hi

markets have outperformed YTD and they face continued geopolitical risks • Buy HSCEI, KOSPI2, TWSE Jun-18 105%-120% call spreads funded by selling ASX200 (DM) and NIFTY (high valuation, weak earnings) 105%-120% call spreads for 0 upfront cost Indicative pricing (As of 18-Sep-2017) Buy 1/3 HSCEI Jun-