ASIA-PAC MARKET UPDATE: Asia traded indecisive after Wall St. losses and as geopolitical concerns lingered

Asia equity markets lacked any solid direction after the weak momentum from US where all 3 major indices closed negative due to geopolitical concerns, while the Nasdaq took the brunt of the worst day for the tech sector in over a month. This pressured ASX 200 (-0.1%) and Nikkei 225 (-0.4%), although strength in energy names following a 3% rally in crude later helped stem downside in Australia. Elsewhere, Hang Seng (Unch.) and Shanghai Comp. (+0.1%) also conformed to the lacklustre, indecisive tone amid a lack of drivers and a weaker PBoC liquidity operation. Finally, 10yr JGBs were relatively flat with only minimal support seen from the cautious risk tone in Japan, while today’s 40yr auction also failed to spur firm demand despite the b/c at the highest since 2015, as this was relatively stable from the prior.

26 Sep 2017 - 05:50- Important- Source: RANsquawk

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