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Asia-Pacific equity indices moved higher,....>

STOCKS
STOCKS: Asia-Pacific equity indices moved higher, with modest risk on flows
apparent with a lack of headline catalysts apparent and despite comments from
China's MOFCOM re: the trade war situation, showing that they have no intention
of backing down following the latest round of U.S. sanctions headlines.
- The telecoms sector led the Nikkei 225 higher, while utilities provided the
largest drag.
- Elsewhere the Hang Seng lagged its peers, with Morgan Stanley suggesting that
the index's sell off is far from over after it slashed its 12-month target.
China's CSI 300 added 0.8%, while Australia's ASX 200 added over 1.0%, extending
on its multi-year highs, with broad based gains apparent. ex. telecoms.
- US index futures traded higher, accelerating the move after they breached
Wednesday's session highs.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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