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Regional Equity Benchmarks Higher On Thursday


The major regional equity indices ticked higher during Thursday's Asia-Pac session, following the positive lead from Wall St. and no surprises from the Federal Reserve as it outlined its initial tapering plans re: asset purchases. The Nikkei 225 benefitted from the recent uptick in USD/JPY as Tokyo markets returned from their mid-week holiday, while the continued withdrawal of month-end liquidity provisions from the PBoC limited Chinese markets once again (note the PBoC has introduced higher gross reverse repo injections over the last couple of sessions). E-minis trade either side of unchanged, with the NASDAQ 100 contract experiencing some light outperformance.

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