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The major Asia-Pacific equity indices came...>

STOCKS
STOCKS: The major Asia-Pacific equity indices came under pressure on Wednesday,
with EM and trade war worries continuing to weigh on sentiment.
- The Nikkei faced some idiosyncratic pressure on the back of a huge Typhoon
hitting the Osaka region, with the 225 losing 0.3%. On a sectoral basis,
telecoms & utilities led the way lower, while consumer discretionary & energy
were the only sectors to trade higher.
- The impending U.S. tariff deadline weighed on Chinese linked stocks, after
yesterday's late foray higher, potential stemming from state purchases. The CSI
300 lost 0.7% in the morning session.
- The Hang Seng lost 1.6% in the morning session, with Tencent garnering the
most attention after a large block trade crossed in the name, with the price of
the trade representing a > 2% discount to market price.
- The ASX 200 shed 0.8% with all of the major sectors trading lower, as the
heavyweight materials sector found itself at the bottom of the pile.
- U.S. index futures followed regional stocks to trade marginally lower.
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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