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Mixed Day In Asia; US Futures Build On Gains

EQUITIES

A mixed day for equities in the Asia-Pac region. The Taiex is the top of the pile with gains of over 1%, but is off best levels. Taiwanese official has said that the chip industry will be protected if the US extends vaccine aid to Taiwan. Japan also higher, April core CPI fell less than expected at -0.1%, the headline Y/Y reading fell 0.4% against consensus for a 0.5% decline., while composite PMI dropped below 50 as both services and manufacturing softened. Markets in mainland China are lower, as is the Hang Seng. An overhaul of the Hang Seng is set to begin today after its quarterly review. In the US futures are higher, markets building on yesterday's gains.

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