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Asian equities move modestly higher March 2, 2021SharePrint Asian equities move modestly higher US markets played catchup to the Asian rally overnight, posting very impressive results overnight. The S&P 500 rose by 2.38%, the Nasdaq leapt 3.01%, and the Dow Jones rallied by 1.95%. Some profit-taking is evident in Asia, though, with the markets taking a breather. The futures on all three indexes lower by between 0.20% and 0.30%. Having led the world higher yesterday, by virtue of being the first region to open, Asian markets are only recording modest gains today, not helped by the US index futures also easing slightly. The exceptions are South Korea and Taiwan, who were on holiday yesterday. The Kospi has jumped by 1.86%, and Taipei is 1.60% higher. On Tuesday, South Korean and Taiwan Manufacturing PMI’s rose further into expansionary territory.

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