ASIA-PAC MARKET WRAP: Asia shrugged off Wall St losses and traded mostly higher in which Nikkei 225 tested 21,200, although mixed Chinese trade data caps gains in broader market

Asia-Pac equity markets shrugged off the pullback in US stocks from record levels, although upside was somewhat capped as the region digested the latest Chinese trade figures. ASX 200 (+0.4%) and Nikkei 225 (+1.2%) were mildly positive with Australia underpinned by defensive stocks, while Nikkei 225 tested 21,200 and was led by strength in index heavyweight Fast Retailing after the Co. reported its FY net more than doubled. Elsewhere, Shanghai Comp. (+0.2%) and Hang Seng (Unch.) traded indecisive after the PBoC skipped open market operations but then offered funds via its MLF facility and as participants mulled over mixed Chinese trade data. Finally, 10yr JGBs were initially subdued with demand sapped amid a positive risk tone in Japan, before an improved enhanced liquidity auction result for longer-dated JGBs supported in late trade.

13 Oct 2017 - 05:41- Important- Source: RANsquawk

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