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Mixed In Asia


The major Asia-Pac equity indices are mixed after a marginally negative lead from Wall St. The Nikkei 225 is underperforming its major peers, shedding around 1.00%, with the uptick in the JPY since Tuesday's Tokyo close and continued speculation/comments surrounding the prospect of 0 fans being allowed to watch the Tokyo Olympics in person hampering sentiment in Japan. Tuesday's late momentum for the CSI 300 has spilled over into Wednesday's session, with the index adding ~1.0% as of typing, despite the clampdown from authorities surrounding some Chinese companies that have U.S. listings. Elsewhere, policymakers have signalled a clampdown on the broader securities sector to try and weed out fraudulent/unscrupulous activity, which could be a negative for some names in the short-term, but brings the prospect of a better regulated market over the medium term. The major U.S. e-minis trade around neutral levels, with some marginal outperformance for the NASDAQ 100.

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