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The major Asia-Pacific indices drew..........>

STOCKS
STOCKS: The major Asia-Pacific indices drew support from Wall St.'s positive
lead, buoyed as the Fed affirmed its pledge to gradual tightening at Jackson
Hole, with Chair Powell playing down the risks of an overshoot in inflation.
- The Hang Seng was the regional outperformer, adding nearly 2.0%, with all of
its major sectors trading higher, as consumer discretionary and energy names led
the charge.
- The Nikkei 225 added 0.7% in the morning session, as the energy & IT sectors
advanced.
- Over on the Chinese mainland the CSI 300 added ~1.3% as the yuan clung to most
of its late Friday gains.
- Australia's ASX 200 was the regional underperformer, adding 0.2%, with the
banking sector weighing on the back of the initial findings in the royal
commission, largely offsetting the gains made elsewhere.
- U.S. index futures continued to edge higher.
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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