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Most of the major regional Asia-Pacific......>

STOCKS
STOCKS: Most of the major regional Asia-Pacific equity benchmarks traded higher
on Wednesday, taking their lead from Wall St., even as the latest round of
Chinese economic activity data disappointed.
- The Nikkei 225 lagged, struggling in the wake of earnings season. One
noteworthy news story was that Japan Display, an Apple supplier, is set to cut
~1,000 jobs, according to Nikkei sources. Taiwan tech giant Hon Hai posted
disappointing earnings after market on Tuesday, which also crimped sentiment for
the tech names.
- Also worth highlighting a RTRS sources piece which suggested that "President
Trump is expected to sign an executive order this week barring U.S. companies
from using telecommunications equipment made by firms posing a national security
risk, paving the way for a ban on doing business with China's Huawei." This was
later confirmed by an official.
- Nikkei 225 +0.2%, Hang Seng +0.7%, CSI 300 +1.4%, ASX 200 +0.6%.
- U.S. equity index futures also ticked higher.
- S&P 5000 futures +5, DJIA futures +33, NASDAQ 100 futures +20.
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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