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Asia-Pac Bourses Reverse Early Losses

EQUITIES

Stocks in Asia have meandered their way into positive territory, shrugging off a negative lead from the US and reversing the trend after dropping for three consecutive days. Markets in mainland China opened in negative territory but reversed losses as the Hang Seng gained led by casinos. In general risk assets were boosted as the greenback retreated and oil gained. Japanese markets were closed for a public holiday.

  • Markets in Taiwan were under pressure, losses in the US were led by the Nasdaq today which has seen some pessimism around demand for tech products. Losses in Taiwan were limited though after Taiwan announced it would relax rules for foreigners visiting the US from March 1.
  • Futures in the US and Europe are higher, reversing some of the decline from yesterday, markets look ahead to clues on Fed policy in a speech from FOMC Chair Powell.
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