The positive lead from Wall St., which saw...>

STOCKS: The positive lead from Wall St., which saw a late rally driven by the

now typical plentiful liquidity/buy U.S. assets in times of uncertainty/reach

for tech yield trifecta, has spilled into Asia-Pac trade.

- Regional focus has fallen on Coronavirus matters, yet again, with participants

choosing to look to the positives in the latest daily Coronavirus case count.

- In terms of stock specifics, Alibaba's HK listing was pressured by a BBG

report which noted that the stock would be excluded from participation in the

HK-China stock connect programmes under current restrictions (secondary listings

and names with voted listings providing the hurdles), although the sources that

spoke with BBG did note that this could change in the future (although it may be

unlikely given Chinese policymakers' want to develop domestic markets)

- A slight withdrawal of PBoC liquidity had little impact on mainland China

equities.

- Japanese markets were closed for a holiday.

- Hang Seng +1.3%, CSI 300 +0.8%, ASX 200 +0.6%.

- S&P 500 futures +9, DJIA futures +73, NASDAQ 100 futures +40.