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Negative Note For Quarter-End

EQUITIES

Asia-Pac markets are mostly in the red, taking a negative lead from the US. Markets await clarity on the latest fiscal stimulus package from the US. In Japan the financial sector is the laggard, hampered by reports that Mitsubishi UFJ will also take a hit from Archegos Capital Management fire sale. Markets in mainland China are lower despite strong PMI data, repo rates have risen heading into month and quarter end. Australia and India are the outperformers, gaining after declining for the previous two sessions. Most major indices in Asia are on track for their first monthly loss since last October. Futures in the US are higher, bouncing after declines yesterday.

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