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Major Regional Indices Tick Lower In Asia, E-Minis Little Changed

EQUITIES

The Hang Seng provided the focal point of Asia-Pac trade yet again, with Macau's increased supervision over gambling companies weighing on the casino sector, deflecting some of the focus from the headwinds that the tech space is currently facing. Softer than expected Chinese economic activity data for the month of August didn't help broader risk sentiment, with e-minis giving back the bulk of their early gains, while the major Asia-Pac indices trade up to 1% softer on the day, with the Hang Seng leading the way lower. Note that U.S. tech giant Microsoft announced a stock buyback plan which could reach $60bn in size. The company also increased the size of its regular dividend at the same time.

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

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