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E-Minis Nudge Higher, Asia Mixed

EQUITIES

There was a lack of notable movement in the major regional equity indices during Thursday's Asia-Pac session, with some modest outperformance for the Nikkei 225 as it regained some of yesterday's losses. U.S. e-mini futures added 0.2-0.3% overnight, which came in the wake of the major Wall St. indices finishing flat to a touch higher on Wednesday. There was distinct lack of notable macro headline flow, with the U.S. Thanksgiving holiday set to crimp broader liquidity into the weekend. The only real point of note came via a 300mn block sale of shares in embattled property developer China Evergrande, which crossed before the Hong Kong open and was conducted at a 20% discount to yesterday's closing price, pointing to an institutional investor dumping their holdings.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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