ASIA-PAC EQUITY MARKET WRAP

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Asian markets traded mixed following the lackluster close on Wall St., while further weak tier 1 data from China adds to the cautious tone in the region.

Shanghai Cop. (-0.60%) continued its downward trend after the headline Chinese industrial production data missed expectations, while the Hang Seng (-0.10%) pulled off worst levels following Tencent reporting record profits in its online platform.

Elsewhere, ASX 200 (+0.45%) was underpinned by broad sector gains offsetting the weakness in materials after BHP (-2.00%) suffered losses amid doubts that Co.’s Samarco mine can withstand the fallout of the disaster, while Nikkei 225 (+0.09%) traded flat amid light volumes coupled with USD/JPY softening.