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E-Minis Offered, Asia Mixed

EQUITIES

E-minis continued to tread lower in Asia-Pac hours, as the hangover surrounding diminished prospects of pre-election fiscal stimulus in the U.S. and Sino-U.S. tension surrounding the Taiwan Strait weighed on the space.

  • Performance among the major regional Asia-Pac indices was a little more mixed.
  • The Hang Seng underperformed on the back of the U.S. State Department formally warning international financial institutions re: sanctions surrounding conducting business with individuals that have been implicated in the political crackdown in Hong Kong.
  • The ASX 200 outperformed, as it benefitted from increased prospects of imminent RBA easing in the wake of the latest address from RBA Governor Lowe.
  • Chinese mainland equities were supported by a CNY300bn net MLF injection from the PBoC.
  • Nikkei 225 -0.5%, Hang Seng -1.1%, CSI 300 unch., ASX 200 +0.8%.
  • S&P 500 futures -14, DJIA futures -93, NASDAQ 100 futures -92.
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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