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The majority of the major Asia-Pacific.......>

STOCKS
STOCKS: The majority of the major Asia-Pacific indices were higher on Monday,
following Wall St's Friday lead
- The Nikkei 225 underperformed, losing 0.2% as USDJPY moved back below 109.00
and traders switched their focus to the upcoming domestic earnings season. The
energy sector was the standout performer, supported by higher oil prices, while
the financial & material sectors led the declines.
- China related stocks outperformed after the country was seemingly open to
further trade discussions with the US, despite coming to no solid conclusion at
last week's summit. The Hang Seng added 0.7% as energy & consumer discretionary
names outperformed. The Mainland CSI 300 added 1.25%.
- Australia's ASX 200 added 0.5% with consumer staples and energy leading the
way higher. Banking giant Westpac was also higher in lieu of its earnings
report.
- US index futures were higher, as the e-mini S&P added 9 points and the mini
Dow added 85 points.
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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