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The major regional Asia-Pac equity markets...>

STOCKS
STOCKS: The major regional Asia-Pac equity markets trade lower at writing,
following on from Wall St.'s negative lead, with a second consecutive day of
large reverse-repo based liquidity injections from the PBoC doing little to
support risk sentiment.
- Elsewhere, the final BOJ decision of 2019 saw the Bank outline a new lending
facility for Exchange Traded Funds, a move first posited in April, in order to
lift liquidity in the secondary ETF market, but this failed to boost domestic
stocks. The BoJ noted that "lending shall be conducted daily at eligible
counterparties' requests. However, it is to be conducted periodically at first
in order for the relevant parties to become proficient at the facility."
- U.S. President Trump's impeachment in the House of Representatives added some
slight pressure to risk assets, even though the move was expected, as the House
is controlled by the Democrats. Ultimately, the Senate is expected to block any
further punishment, owing to its Republican control/majority requirements.
- Nikkei 225 -0.3%, Hang Seng -0.7%, CSI 300 -0.3%, ASX 200 -0.1%.
- S&P 500 futures -1, DJIA futures -15, NASDAQ 100 futures -5.
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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