Larger Fiscal Stimulus Vs. Higher Yields

Higher U.S. Tsy yields, which were a result of developments surrounding the U.S. Senate run-offs in Georgia (and increased chances of a 'Blue Wave' scenario in Congress), and to a lesser extent, worry re: Sino-U.S. tensions surrounding President Trump's banning of 8 Chinese payment apps, NYSE flip-flopping re: the delisting of 3 major Chinese telecoms firms & the arrest of a U.S. lawyer in Hong Kong weighed on sentiment in Asia-Pac hours, although broader ranges were largely contained. Still, e-minis are off worst levels as participants continue to balance the outlook for enhanced U.S. fiscal stimulus under a 'Blue Wave' scenario in the Senate vs. higher U.S. Tsy yields.

• Russell index e-minis were the exception to the rule, with that particular contract edging higher on the back of the reflation trade mantra that would surround Democrats securing control of the U.S. Senate.
• Nikkei 225 -0.3%, Hang Seng -0.8%, CSI 300 -0.2%, ASX 200 -1.3%.
• S&P 500 futures -15, DJIA futures -23, NASDAQ 100 futures -159.