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The major Asia-Pac equity benchmarks trade...>

STOCKS
STOCKS: The major Asia-Pac equity benchmarks trade in mixed fashion at writing.
- The Nikkei 225 has struggled after the long weekend, with the ongoing
Japan-South Korea trade spat likely adding pressure, while USD/JPY operated
below Y108.00 for the bulk of the session, also adding some modest weight.
- Participants pointed to low volumes across the region, with a raft of Fedspeak
due, while the U.S. earnings season is set to heat up in the coming days.
- Citi provided the highlight of the U.S. earnings reports on Monday, providing
a beat on the majority of headline metrics, although the stock's early gains
gave way as the Tsy curve bull flattened.
- The rally in the tech space managed to outweigh the negative impetus of the
financial and energy sectors, with the big three U.S. indices registering fresh
all-time closing highs.
- Nikkei 225 -0.7%, Hang Seng +0.2%, CSI 300 -0.4%, ASX 200 +0.1%.
- S&P 500 futures +3, DJIA futures +15, NASDAQ 100 futures +10.
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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