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Stocks Fluctuate

EQUITIES

A mixed day for stocks in Asia-Pac; Japan, Australia, South Korea and Hong Kong are in positive territory. Bourses in South Korea are supported after units of Korea Shipbuilding won orders worth a total KRW 832bn, while the Hang Seng saw gains after Xiaomi surged following a temporary halt to a US ban, while a decline in Tencent tempered gains. Markets in mainland China did manage to get into positive territory after data showed industrial production and retail sales both rose above estimates, but the move was reversed as the session wore on and the CSI 300 is currently down around 1.65%. Futures in the US are higher but off best levels, adding to gains after indices hit all time highs on Friday.

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