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Mixed After Return From Holiday

EQUITIES

Mixed performance for equity markets in Asia on Tuesday; bourses in mainland China return from yesterday's holiday and have come under pressure with major indices down over 1%. The PBOC's OMO and MLF operations resulted in a net drain of CNY 10bn despite chatter of additional liquidity on its way in June. Markets in Japan, Australia are higher, the latter supported by a dovish set of RBA minutes. Futures are higher in the US after a late rally took the S&P 500 to a fresh record high yesterday.

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