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Equities Marginally Mixed In Asia


There was a lack of uniformity in equity trade during Asia-Pac hours, with the Nikkei 225 ticking lower after the JPY regained some poise over the last 24 hours on cross-market yield dynamics post-BoE. The Hang Seng also lost ground, with Chinese tech names under the microscope as we grind towards earnings reports from Tencent & Alibaba. Chinese property developers also continue to be scrutinised, with Kaisa Group suspending trade in Hong Kong after it missed payments on wealth management products. Another uptick in PBoC gross liquidity injections via OMOs allowed the CSI 300 to register incremental gains, although CNY780bn has been drained out of the market over the last 5 days, as the PBoC removed the bulk of its month-end liquidity provisions. Still, the major regional indices sit within 1.0% of Thursday's closing levels as we head towards the weekend. U.S. e-mini futures are virtually unchanged ahead of Friday's NFP print.

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