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Asia-Pacific indices started the week on.....>

STOCKS
STOCKS: Asia-Pacific indices started the week on the front foot, following Wall
St.'s Friday lead and aided by a softening yield environment as markets await
Fed Chair Powell's testimony to congress on Tuesday.
- The Nikkei 225 last traded 1.2% higher, shaking of the effects of a stronger
JPY as pharma & telecom names led the rally, while the materials sector was the
underperformer, but was still higher on the day.
- The Hang Seng was 0.6% higher, with all the sectors in the green, although
consumer discretionary names led the charge.
- Chinese indices were supported by the latest batch of injections via the
PBoC's OMOs, as the CSI 300 traded 0.7% higher on the day, with the broader risk
friendly sentiment outweighing worry surrounding insurance names following the
Anbang scandal and additional corrective directives issued by regulators to
other names in the space over the weekend.
- Australia's ASX 200 traded 0.5% higher, although the performance was much more
mixed, as telecoms and real estate led the way higher, while utilities &
consumer staples weighed.
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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