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The majority of the major regional indices...>

STOCKS
STOCKS: The majority of the major regional indices moved higher during
Asia-Pacific trade, discounting Monday's late story focused on U.S.-China trade
worries, after BBG ran headlines noting that the U.S. is planning tariffs on all
remaining Chinese imports if Trump-Xi talks, scheduled for next month, fail.
Subsequent reports from Fox were run re: White House unaware of any new
developments pertaining to the BBG story, while some suggested that the BBG
story contained no fresh information.
- Risk on flows garnered more traction during Asia-Pac trade, on BBG covering
U.S. Pres Trump predicting a "great deal" with China.
- The Nikkei 225 added 1.3%, the ASX 200 added 0.9%, while the CSI 300 added
1.0%. The Hang Seng managed to underperform shedding 0.2%.
- Focus was on China, as the county's benchmark indices recovered early losses
on the back of Trump's comments. Elsewhere, Chinese securities regulators
pointed to easing liquidity in the market, encouraging M&A & value investing.
Car tax reform rumours also supported the auto sector.
- U.S. index futures moved 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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