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Asia Equities Mixed Ahead of US Reopening

EQUITIES
Asian Equities have a largely uneventful day, with most regions trading lower.
  • Japan Equities are lower today, as the Nikkei 225 comes ever so close to making new all-time highs down 0.22% today, while the Topix trades 0.34% lower. There has been little in the way of market news for Japan today, other than Tokyo Condominiums for sale data coming in at 56.6% from 3.8% prior.
  • Taiwan equities are the outperformer in the region today, led by the semiconductor sector as TSMC contributed most of the gains up 1.18%. Currently the Taiex is 0.52% higher. While Monday saw the highest net selling of Taiwan Equities by foreign investors for a month with -$477m of outflows.
  • South Korea is the worst performer in the region today as foreign buying of SK stocks lose momentum, the 5-day moving average of net foreign inflows decreased to $133.8m, falling below the 20-day average of $297.7m with -$58m of outflows occuring today. Currently the Kospi is down 1.23%.
  • Australian Equities are lower today, as weakness in the mining and energy space weigh on the market. In other news ANZ were able to overturn the block to buy Suncorp, pathing the way for the purchase to go ahead, Suncorp equity up 5.79%, while ANZ stock trades 2.4% lower. The ASX 200 currently trades 0.10% lower for the day.
  • Elsewhere in SEA, Indonesian, Philippines & Malaysian equities are up 0.50-0.70%, while New Zealand Equities are 0.70% lower.

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