Wall Street parties but Asia mixed March 12, 2021SharePrint Asian equities mixed following the Wall Street rally After improving Jobless Claims and a non-event US 30-year auction greenlighted the buy-everything business as usual trade, big-tech was back overnight. Although still in correction territory, the Nasdaq powered 2.52% higher, while the S&P 500 and Dow Jones ended in record territory, rising 1.04% and 0.58%, respectively. There were concerns ahead of the US 30-year bond auction, but demand was strong enough so that the auction was passed without incident. Although the bid-to-cover ratio wasn’t spectacular, like the 10-year the day before, most of the issue went to direct buyers, not primary dealers, indicating an underlying broader demand. That was the last potential barrier for the week for simmering global recovery demand.