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Regional benchmark indices struggled in......>

STOCKS
STOCKS: Regional benchmark indices struggled in early Asia trade on Friday, with
Wall St. providing a negative lead and the Nikkei 225 playing catch up after the
Japanese holidays. That was before a combination of a 6-month high registered in
the Chinese Caixin services PMI, MOFCOM confirming that China & the U.S. will
hold vice-min level talks re: trade on Jan 7-8 & news that the Japanese MoF, BoJ
& FSA are set to convene re: financial markets (in lieu of the FX flash crash)
supported risk.
- China-linked indices outperformed, while the Nikkei 225 lagged in its first
trading session of 2019.
- Nikkei 225 -2.8%, CSI 300 +2.3%, Hang Seng +1.3%, ASX 200 -0.6%.
- U.S. index futures tracked broader risk appetite throughout the session.
- S&P 500 +11, DJIA +93, NASDAQ 100 +37.
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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