ASIA-PAC MARKET WRAP: Asia shrugged off US strength and traded mixed amid Trump comments in Phoenix, while Hang Seng was shut by Typhoon Hato

Asia equity markets traded mixed as the region somewhat failed to sustain the impetus from Wall St, where the Nasdaq led the surge after rebounding from a 3-day losing streak. ASX 200 (-0.2%) and Nikkei 225 (+0.4%) were both initially higher with outperformance in the Japanese bourse due to early JPY weakness. However, majority of gains were later pared amid comments from President Trump regarding shutting down the government to build the wall, while ASX 200 slipped into the red as losses in Healthscope and IAG post-earnings dampened healthcare and financials. Elsewhere, Shanghai Comp. (-0.2%) traded choppy despite a firmer liquidity injection by the PBoC of CNY 180bln via reverse repos, as this still amounted to a daily net drain once maturing repos were taken into account, while Hang Seng remained closed due to Typhoon Hato.

23 Aug 2017 - 05:53- Important- Source: RANsquawk

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