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The major Asia-Pacific stock indices moved...>

STOCKS
STOCKS: The major Asia-Pacific stock indices moved higher on Monday, taking a
positive lead from Wall St. & benefitting from a more stable yuan (at least in
the short term).
- The Hang Seng was the outperformer, adding 1.0% as the IT & financial sectors
led the benchmark higher, while the mainland Chinese stocks tracked the USD/Yuan
crosses, last dealing unchanged.
- The ASX 200 added 0.6% as the heavyweight materials sector moved higher,
supported by Friday's rally in iron ore, with an eye on earnings reports due
later this week.
- The Nikkei 225 added 0.5%, with telecoms & energy names helping the index move
higher, although financials added some weight as the JGB curve stabilised.
- U.S. index futures moved higher, probably aided by the lack of escalation in
the U.S.-China trade war (outside of rhetoric) over the weekend.
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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