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Coronavirus matters continued to drive.......>

STOCKS
STOCKS: Coronavirus matters continued to drive broader risk appetite, and thus
direction for the major regional equity indices during Monday's Asia-Pac trading
session.
- A negative tinge surrounding weekend news flow and the disjointed restart to
Chinese business operations this week generally weighed on risk in early
dealing, with e-mini S&Ps breaking Friday's lows as a result.
- Broader risk appetite then stabilised, before recovering on the back of a RTRS
sources piece which pointed to at least a partial restart of Foxconn's Chinese
operations (which has knock-on implications for Apple, as the firm is one of the
U.S. tech giant's major component suppliers).
- The PBoC's rollover of maturing liquidity measures (via reverse repos)
probably helped at the margin, but equities have still faded from their session
peaks
- Nikkei 225 -0.5%, Hang Seng -0.8%, CSI 300 -0.4%, ASX 200 -0.1%.
- S&P 500 futures +2, DJIA futures +16, NASDAQ 100 futures +9.
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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