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Firmer Bias Amid LNY Impacted Markets

EQUITIES

For those markets that are open in the region, the trend has mostly been a positive one today. This follows a firmer end to the week for US/EU markets on Friday. US futures are lower, but not far from -0.10% at this stage.

  • A lot of major markets remain closed tomorrow for LNY, including China, Hong Kong and Singapore.
  • Japan equities are higher, with the Nikkei 225 up 1.3%, as tech shares continue to outperform, amid expectations of a slower pace of Fed hikes.
  • The ASX200 is slightly higher, +0.10% at this stage.
  • Indian markets are higher, last around 0.70/0.75% higher. Better earnings in the financial sector have buoyed momentum.
  • Philippines stocks are bucking the firmer trend, with the main bourse off -0.65% at this stage.
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