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Mixed

EQUITIES

Equity indices in the Asia-Pac region are mixed; Japan, Taiwan and South Korea have come under pressure while bourses in China, Hong Kong and Australia have gained. In Japan the Covid-19 state of emergency was formally declared in Hokkaido, Hiroshima and Okayama on Sunday, while Taiwan announced the tightest restrictions of the pandemic after recording a record 206 virus cases on Sunday, it follows a soft lockdown already announced in Taipei. In China the CSI 300 is up around 1.7%, data from China that showed while activity continues to expand, the pace slowed. Elsewhere the CSRC launched an investigation into alleged stock manipulation of some publicly traded companies and promised to crack down on illegal acts to protect investors' interests, amid growing controversies about stock manipulation. Futures in the US are lower, losing around 0.2% heading into the European open as the greenback rebounds from its decline.

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