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Broadly Negative, Japan Bucks The Trend After Holiday

EQUITIES

Risk sentiment is broadly negative in Asia, markets in China and Hong Kong the laggards with the Hang Seng down over 2.5%, the CSI 300 is down 2.3%. New Oriental Education saw losses of over 40% on reports of increased regulatory burden/scrutiny, while the Hang Seng tech index saw losses of over 5% . In Japan markets are higher, playing catch up after a four day long weekend. Markets in South Korea, Taiwan, New Zealand and Australia are all also lower. In the US future have declined, e-mini Dow Jones leading the way lower with losses of around 0.5%, failing to build on Friday's positive close where indices saw record highs.

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