Alibaba Holdings announces their restructuring into six entities, triggering a surge in Chinese tech shares, and global indices. Weston Nakamura gives his initial takeaways of this monumental surprise development, and the potential implications reaching far beyond China.

In addition, Weston discusses the upcoming China PMI release on Friday as a potential market moving catalyst, citing the prior month's reading and subsequent cross-asset market reaction that followed. He also shows why the yuan's price action matters to global markets.

Finally, Weston touches on the yen and its price action heading into Japan fiscal year-end later this week, as well as his read on no-trade JGBs potentially signaling the end of the recent rate volatility.

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Disclaimer: Nothing discussed on Market Depth should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.