Asian markets finished with solid gains. The Nikkei added 78.85 points, or 0.74%, to 10,727.94 as momentum in bank shares built, adding support to gains in exporter stocks. In Hong Kong, the market gained 72.89 points, or 0.65%, to 11,360.26.
Canada's TSE 300 succumbed to modest profit taking activity, but the underlying trend was bullish and the pullback would not invalidate this posture as long as the baseline support of 7190 remains intact. The policy environment remains acccomodative with the Bank of Canada expected to deliver another chunky rate cut of 50 basis points at its Nov. 27 scheduled policy annoucement date. Interest rate sensitive stocks may yet benefit. The near term chart target of 7688 is still relevant.