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Mixed As Delta Variant Worries Linger

EQUITIES

A mixed session for equities in the Asia-Pac region with some bourses struggling to shake off delta variant concerns and capitalize on a positive lead from the US. In Japan markets are higher by around 0.5% but have come off session highs seen shortly after the open, markets in mainland China have seen similar gains but the Hang Seng is lower by around 0.5%. Other gainers include markets in Australia and Thailand. Indices in Taiwan, Singapore, South Korea and the Philippines all fell on COVID-19 concerns. In the US futures are lower, pulling back after robust gains yesterday, US yields are lower with the 10-Year dropping back towards 1.2% after claiming the level yesterday. There were reports that the US Senate is to vote on the infrastructure bill later on Wednesday.

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