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Mixed After Negative Lead From US


A broadly negative day for equity markets in the Asia-Pac region. Markets in mainland China are lower by around 1%, weighed on by simmering Sino-US tensions, while there were reports that Cathie Wood sold China tech stocks and warned of a valuation reset. Markets in Japan are down around 0.25% while the KOSPI also came under pressure on reports of a record increase in coronavirus cases. In Taiwan the Taiex managed to squeeze out some gains after reports that Apple is looking to increase iPhone production up to 20% in 2021. In the US futures are mixed, e-mini S&P and e-mini Dow Jones are both lower, extending losses from yesterday where the indices dropped for the first time in three sessions. Nasdaq futures are slightly higher.

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