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Broadly Negative, Japan Bucks The Trend After Holiday


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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