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US Futures Rise After Yellen Clarification; Asia Stocks Mixed

EQUITIES

Another mixed session for equities in the Asia-Pac timezone after a broadly negative lead from the US with tech shares bearing the brunt of the selling. Markets in Japan, mainland China and South Korea are closed which sapped liquidity from the region. Bourses in Hong Kong were flat, while the ASX 200 gained alongside a rise in oil, the Taiex managed some small gains after heavy selling yesterday. Chip producers are still coming under pressure after US Commerce Secretary Raimondo called for major production increases in the US in order to end reliance on overseas companies. US futures were higher, recovering some of yesterday's selloff while focusing on clarifying remarks from US Tsy Secretary Yellen that rate hikes were not on the cards any time soon, and similar comments from known Fed dove Kashkari.

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