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Lower Despite Positive Lead From US

EQUITIES

A broadly negative day for Asia-Pac indices, most major bourses in negative territory. Markets in mainland China are lower, but moves more muted than yesterday, having declined from the open on reports of an antitrust crack down. The Hang Seng also nursing small losses. Markets in Japan also lower, the BoJ kept rates on hold as expected, the accompanying statement holding no surprises. Markets in South Korea lower, despite a beat in GDP. There are concerns around a surge in coronavirus cases in Asia, with India reporting record figures daily and many other countries considering additional lockdown measures. Futures in the US are higher, the Nasdaq the laggard after posting outsized gains yesterday. Tesla reported after market, but fell despite reporting record profit. Markets await another slew of earnings and the FOMC report on Wednesday.

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