MARKET DAILY

Midday Market 11/29: Cautiously assess impact from China

Index slightly down in Tuesday morning session with significant intraday volatility ahead of tomorrow's month-end OpEx

US stocks recover after a strong drop yesterday, with low overnight futures volatility as investors continue to assess impact from the largest protests in China since the Tiananmen incident in 1989. Crude oil prices tick up slightly on expectations of strong demand from the Chinese market if reopening, pushing energy sector up nearly 1% in the morning while real estate stocks also up over 1.1%, mostly recovery after heavy pressure yesterday.

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