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RBA pushes review of taper to February

RBA pushes review of taper to February
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Markets quiet ahead of US payroll report

Markets quiet ahead of US payroll report
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Asia trades generally higher after US gains; USD remains mostly firmer

2/5/2021 5:50:13 AM GMT
Asia Market Update: Asia trades generally higher after US gains; USD remains mostly firmer; US jobs data due later today; Biden expected to speak on stimulus.
General Trend
- Following the mostly positive open, Asian indices have remained generally higher; Nikkei 225 is closer to session highs, Hang Seng has pared gains; ASX 200 closed near session highs
- Financials trade broadly higher after the recent rise in longer-term gov’t bond yields
- SMIC declines over 6% in HK, Q4 gross margin dropped
- Kuaishou Technology rises over 190% during first day of trading in HK
- Mazda rises over 18% amid raised outlook ....

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