Key News North Asia equity markets had a strong day while India was off and South Asia was mixed. China’s currency, the renminbi, jumped +0.66% versus the US dollar overnight from 6.42 to 6.38, which is two times the US dollar’s decline versus other major currencies. The currency rate is confusing as the renminbi is quoted US dollars divided by renminbi, making a renminbi gain a decline. It is difficult to tell whether the move is an indication of risk-on sentiment, skepticism of Fed bond tapering, or concerns of the US government’s finances. Hong Kong was powered higher by internet…