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Asian equities were higher, Australia and Thailand fell on light volumes.
Fairly quiet as we head toward China’s Labor Day holiday that has Mainland/onshore China closed Monday, Tuesday, and Wednesday and Hong Kong/offshore China closed Monday. Financial earnings took center stage as insurance giant Ping An rose on high volumes +9.02% in Hong Kong (2318 HK) and +10% in China (601318 CH) driven by a 48.9% rise in net income. Insurance peer AIA (1299 HK) rose +1.61% post good financial results, though remember AIA is a Hong Kong domiciled company thus it is part of MSCI developed market indices and not MSCI EM nor China.
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