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Asia-Pac Equities Higher, E-Minis Lower


The positive lead from Wall St. made for a buoyant start to the week for the major Asia-Pac equity indices. The Nikkei 225 led the way higher, aided by the broader theme, some modest JPY weakness vs. G10 FX since Friday's Tokyo close and firmer than expected core machine orders data out of Japan. Meanwhile, Chinese bourses drew support from Friday's after hours RRR cut from the PBoC, although the increased regulatory oversight evident in China perhaps limited the bid. The ASX 200 lagged on the back of the COVID situation in NSW, with worry re: a deeper and longer lockdown evident. E-Minis nudged lower after Friday saw fresh all-time highs for the S&P 500.

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