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Tech Stocks Rallying

EQUITIES
  • Asian markets closed stronger: Japan's NIKKEI closed up 154.32 pts or +0.56% at 27915.89 and the TOPIX ended 5.97 pts higher or +0.31% at 1939.11. China's SHANGHAI closed up 40.914 pts or +1.28% at 3236.372 and the HANG SENG ended 571.77 pts higher or +2.71% at 21653.9.
  • European equities have posted strong gains, with tech stocks (and to a lesser extent energy) leading the way on speculation that the China tech company crackdown is past the worst: the German Dax up 151.79 pts or +1.05% at 14605.84, FTSE 100 up 91.83 pts or +1.22% at 7629.64, CAC 40 up 74.45 pts or +1.15% at 6559.77 and Euro Stoxx 50 up 51.48 pts or +1.36% at 3834.75.
  • U.S. futures are higher, also led by tech, with the Dow Jones mini up 283 pts or +0.86% at 33171, S&P 500 mini up 46.75 pts or +1.14% at 4153.75, NASDAQ mini up 189.75 pts or +1.51% at 12743.

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