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China Outperforms As E-Minis Fade Back From Overnight Highs


E-minis traded either side of unchanged in Asia-Pac hours, while the major regional equity markets were flat to higher, with little in the way of tier 1 macro headline flow noted in the timezone. This allowed participants to step back and assess multiple, well discussed risk matters in the wake of a modest dip on Wall St.

  • Chinese equities were the largest mover, with President Xi re-affirming the nation's support for the policy of dual-circulation, as he noted that policymakers want to build a "super-sized" domestic market to ensure a high level of self-sufficiency, which in term supported Chinese equities.
  • Nikkei 225 unch., Hang Seng +0.5%, CSI 300 +1.1%, ASX 200 unch.
  • S&P 500 futures -1, DJIA futures -13, NASDAQ 100 futures +7.
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