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Risk tone remains mostly downbeat
Asian equity markets mostly remained on the back foot following a fifth consecutive daily fall in the US S&P 500 index. Concerns remained about the global economic outlook, while safe-haven demand was also supported by warnings from Russian President Putin on the rising threat of nuclear war. Reports of easing of Covid restrictions in Hong Kong, however, support stocks there. The UK RICS housing survey was released overnight and showed activity remaining weak in November due to the uncertain economic environment and rising interest rates. The net balance for new buyer enquiries was negative for a seventh straight ... (full story)