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The tech sector took another hit on..........>

STOCKS
STOCKS: The tech sector took another hit on Wednesday as Taiwan's leading memory
chip manufacturer, Nanya Technology, noted that it will slash 2019 CapEx by 50%,
levying the blame on trade tensions between Washington & Beijing. Nanya also
highlighted a net profit plunge in the most recent quarter.
- Chinese linked shares were fairly unreactive to the latest round of cash
injection from the PBoC & slowing Chinese house price growth.
- Australia's ASX 200 outperformed, just, even with the materials sector trading
lower.
- Nikkei 225 -0.6%, Hang Seng -0.3%, CSI 300 -0.1%, ASX 200 +0.1%.
- U.S. equity index futures edged higher.
- S&P 500 +5, DJIA +45, NASDAQ 100 +7.
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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