The effects of the latest escalation in......>

STOCKS: The effects of the latest escalation in the Sino-U.S. trade war applied

some pressure to broader equity markets in early trade, but that waned as the

session wound on, with a stronger than expected, and indeed expansionary, Caixin

manufacturing PMI out of China helping to support a modest recovery in risk.

- Chinese equities were the outperformer, supported by policymakers pledging to

provide reasonably ample liquidity, while U.S. President Trump continues to put

focus on Sino-U.S. talks later this month, which likely added a further layer of

support.

- Nikkei 225 -0.4%, Hang Seng -0.5%, CSI 300 +1.1%, ASX 200 -0.6%.

- S&P 5000 futures -15, DJIA futures -116, NASDAQ 100 -59.