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Rebound

EQUITIES

Asia-Pac equity markets are in the green today, taking cues from the US after markets staged an impressive rebound from pressure at the open. Chipmakers on several Asian bourses gained after US President Biden said would address a shortage in components have caused stoppages at some auto plants. The Hang Seng has reversed yesterday's losses after the announcement of a 0.03ppt hike in stamp duty to 0.13%.

  • Futures in Europe and the US are higher, buoyed by testimony from Fed Chair Powell yesterday that the Fed would remain accommodative for some time with the economy still a long wat from employment and inflation targets.

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