Asian Stock Market: Rebounds despite weak S&P500 futures, DXY remains mute, PBOC intervenes

Asian indices have rebounded firmly despite the absence of support from S&P500 futures. The PBOC has intervened in currency markets to provide a cushion for the weakening yuan. The DXY is declining towards a two-week low at 110.76 while alpha on US government bonds has tumbled. Markets in the Asian domain have rebounded sharply after…