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Free AccessAsia-Pacific stocks struggled for impetus....>
STOCKS: Asia-Pacific stocks struggled for impetus despite the risk positive news
surrounding Italy & North Korea from the weekend as oil has continued its sell
off.
- The Nikkei 225 printed marginal losses in the morning session as the energy
sector underperformed alongside the backdrop of softer oil prices. Automakers
also weighed on the index as worries over global trade clouded the outlook for
the space. The real estate sector cushioned the losses.
- The Hang Seng added 0.6%, with the consumer discretionary sector leading the
way higher. Once again the energy sector added the most weight. China's CSI 300
also added 0.6%.
- The ASX 200 lost 0.6%, with heavyweight BHP Billiton continuing to add weight.
On a sectoral basis, the heavily weighted energy & materials sectors led the way
lower, while industrial names cushioned the losses.
- US index futures moved higher with the e-mini S&P adding 10 points and the
mini-Dow adding 80 points.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.