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Decline After Shaking Off Positive Lead

EQUITIES

Most Asia-Pac equities lower on Tuesday, taking out early gains as risk sentiment took a hit after German Chancellor Merkel announced stricter lockdown measures to be in place over Easter. Bourses in China and Hong Kong lead the way lower as markets digest stricter regulations on e-cigarette makers. Markets in Japan took a hit on reports that the government is planning to extend lockdown measures that are currently slated to expire at month-end. Taiwan is managing to squeeze out small gains, buoyed by strong export data after market yesterday, while markets in South Korea have also managed to limit downside as the tech sector remains resilient.

  • Futures in Europe and the US are lower, markets await comments from Fed Governor Powell and US Tsy Secretary Yellen in a Fed heavy week, while US bond auctions will also provide direction.

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