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Little Cohesion Overnight

EQUITIES

The major Asia-Pac equity indices trade either side of unchanged, with little in the way of a cohesive sense of direction observed.

  • The Chinese telecom sector was supported by headlines noting that the NYSE no longer plans to de-list the three major Chinese TelCos previously outlined. This came after earlier headlines run on RTRS re: guidance issued by the U.S. Treasury noted that President Trump's executive order forbidding investment into Chinese "military-controlled" companies does not require a divestment of current holdings.
  • E-minis initially nudged higher after Monday's round of pressure, before pulling back from best levels of the session with Tuesday's Georgia Senate run-off elections eyed.
  • Nikkei 225 -0.5%, Hang Seng -0.3%, CSI 300 +0.6%, ASX 200 -0.3%.
  • S&P 500 futures -2, DJIA futures -50, NASDAQ 100 futures -10.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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