This month a sell-off in French government bonds spread across the euro-area, prompting major investors to bottom-fish in heavily hit assets — notably Italian sovereigns and corporate debt — betting contagion fears were overdone.

HKEX filings show Morgan Stanley's long position in CATL (03750.HK) H-shares fell to 5.30% from 6.42% on Oct. 2.

European equities opened softer Wednesday, diverging from overnight US record highs. Brent crude rose back above $100/bbl on Houthi attacks on Saudi Arabia and a Gulf of Mexico storm that raised supply concerns. The 10-year US Treasury yield topped 5.30%, refocusing markets on inflation and higher-rate pressures; France's 10-year yield briefly eased after far-right leader Le Pen pledged spending cuts but later rebounded to 4.83%. US futures were subdued — S&P 500 futures flat, Nasdaq futures down 0.1% — as investors await a $3.9 bln US 10-year auction and the Fed's September minutes.