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Mixed performance for the major regional...>

EQUITIES
EQUITIES: Mixed performance for the major regional equity markets in Asia-Pac
hours, after the U.S. indices faded into the NY bell, with questions re: U.S.
fiscal matters swirling. Still, U.S. equity index futures ticked higher
overnight, perhaps with an eye on a BBG story pointing to the GOP considering a
70% wage replacement scheme for the unemployed as part of its latest support
bill. China outperformed, despite the initial round of STAR market IPOs exiting
the 1-Year lockup period. Some focus fell on comments made by Chinese President
Xi, late Tuesday. Xi noted that China must focus on developing its enormous
domestic market to counter growing international pressure including rising
protectionism and weakening demand. Elsewhere, Chinese margin usage is ticking
back towards multi-year highs.
- The ASX 200 underperformed, with the energy sector providing the only form of
cushion on a sectoral basis. Local COVID-19 worries weighed.
- Nikkei 225 -0.2%, Hang Seng +0.2%, CSI 300 +2.0%, ASX 200 -1.2%.
- S&P 500 futures +12, DJIA futures +120, NASDAQ 100 futures +56.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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