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Marginally Mixed In Asia

EQUITIES

The major Asia-Pac equity indices recorded mixed performance on Friday, with Chinese property names continuing to benefit from sector-specific support and heightened expectations of imminent easing from the PBoC. That allowed the CSI 300 to register modest gains.

  • Elsewhere, HK tech names struggled in the wake of the recent impressive rally, with worry surrounding production for key Apple supplier Foxconn applying pressure. That left the Hang Seng in the red.
  • Still the major regional indices are set to finish somewhere between -/+1.0% on the day.
  • Elsewhere, e-minis looked to softer Tsy yields and a downtick in the USD for support, holding onto Thursday’s modest gains.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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