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Free AccessRegional Asia-Pacific equities continued.....>
STOCKS: Regional Asia-Pacific equities continued to struggle for upside impetus
in the wake of the pressure that global equities experienced Thursday.
- The Nikkei 225 traded 0.6% lower, with the JPY holding on to most of
Thursday's gains during the session. On a sectoral basis, IT led the way lower
with materials and energy names also struggling after the pressure on oil & base
metals observed Thursday. Financials were the outperformer as they continued to
benefit from the move higher in yields earlier this week.
- The Hang Seng continued to falter as the hard-line U.S.-China rhetoric dragged
on, with chatter of Chinese corporate espionage in play Thursday. The index last
trades 0.4% lower.
- The ASX bucked the trend once again, adding 0.2% as consumer staples led the
move higher.
- U.S. index futures managed to register modest gains as Tsy yields stabilised.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.