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Red On The Screens

EQUITIES

Asia-Pac equities hemorrhaged on Friday, taking a negative lead from the US after a day of heavy losses as US yields spiked. Most markets in Asia are off their worst levels but still seeing losses of between 2% - 3%, despite a calmer session for bonds.

  • US futures are lower, the S&P 500 closed yesterday with a 2.5% with tech shares leading losses, this bled over into the Nasdaq 100 which tumbled 3.6%, the biggest one day drop since October, with market participants adjusting portfolios to favour companies poised to benefit from an end to lockdowns.
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