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Intervention In Taiwan Stocks Helps Stabilise Asia-Pac Equities

EQUITIES

A rally in Taiwan equities, after the country confirmed that it will deploy its stock stabilisation fund after hours on Tuesday, coupled with the Chinese city of Shanghai finding 0 COVID cases outside of quarantine helped stabilise wider equity markets in Asia-Pac dealing, with focus squarely on the impending U.S. CPI report. The major regional equity benchmarks sit little changed to 0.5% firmer on the day, with e-minis running 0.1-0.2% above settlement levels. The TAIEX is the best part of 3% higher on the day, albeit operating off of best levels.

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

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