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Mixed Picture In Asia-Pac

EQUITIES

It is a mixed picture in Asia-Pac equity markets; US markets failed to sustain their rally on Tuesday, the S&P 500 snapped a six day winning streak to decline around 0.1% at the close.

  • Most equity markets in the region are in negative territory, but shares in mainland China and Hong Kong are soaring. The Hang Seng briefly popped above 30,000 after surrendering the level in January, the upside is impressive considering the trading link to mainland investors is shut for LNY. Mainland China's markets are up around 1.5%, data earlier showed that Chinese CPI fell, while PPI squeezed out a small gain, and aggregate financing and FDI both rose.
  • In the US futures are in positive territory, helped by some positive aftermarket earnings from Twitter and Cisco.
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