News Stocks 

Nikkei 225 closes higher by 1.20% at 22,472.92

“That said, Japanese stocks are closing firmly higher again as Brexit optimism overnight also played a role in keeping equities buoyed” reports forexlive.com. ForexLive Looking ahead, the overall risk mood is slightly more on the defensive side to start the session but just be mindful of more trade headlines that could shift the dial later on. The Nikkei hit 10-month highs earlier in the session but has seen gains fade amid renewed tensions between US and China that saw risk trades hit a snag. Source: forexlive.com

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SoftBank CEO Masayoshi Son says ’embarrassed and flustered’ by track record: Nikkei Business

“SoftBank founder Son is spending most of his time on the group’s investing activities – centered on the $100 billion Vision Fund – leaving day-to-day running of core businesses such as telecoms operator SoftBank Corp to key lieutenants” writes Midwest Communications Inc for 95kqds.com. With portfolio company WeWork pulling its IPO and valuations at other key investments falling, SoftBank is struggling to attract investment to a second mammoth fund, Reuters reported last week. Source: 95kqds.com

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Futures News Stocks 

Asia Pacific stocks set to trade mixed amid US-China trade jitters

“Stocks in Asia Pacific were set to trade mixed at the open on Friday following a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being struck soon” writes Eustance Huang for cnbc.com. Futures pointed to a lower open for Japanese shares, with the Nikkei futures contract in Chicago at 21,980 and its counterpart in Osaka at 21,940.Meanwhile, Australian stocks were set to open little changed. The SPI futures contract was last at 6,721.0, as compared to the S&P/ASX 200’s last close at 6,717.50. Source:…

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Nikkei 225 closes higher by 0.02% at 20,625.16

“Asian equities are on the defensive today with the Hang Seng and Shanghai Composite also near flat levels at the moment in light of more cautious risk tones among equities” reports forexlive.com. US futures are down by 0.7% currently and that is somewhat weighing on the risk mood as we begin European trading.However, the bond market isn’t exactly signaling any major risk-off tones just yet so that is leaving markets in a bit of a pickle. Source: forexlive.com

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Report: Google plans to move some production of Pixel 3A from China to Vietnam later this year and aims to have shipped 8M-10M smartphones by the end of 2019

“According to a report from Japanese news outlet Nikkei, Google is set to move production of the Pixel from China to Vietnam amid the growing US-China trade war” writes Google Pixel Xl for 9to5google.com. Moving Pixel production from China to Vietnam makes sense due to the ongoing pressure placed upon Google with higher Chinese labor costs and increasing tariffs — the result of the ongoing trade dispute between the US and China.According to this report, Google is aiming to boost production and ship between 8 million and 10 million smartphones…

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Futures Markets News Stocks 

Asia stocks set to trade lower as investors watch treasury yields

“Futures pointed to a lower open for Japanese stocks” writes Eustance Huang for cnbc.com. The SPI futures contract was at 6,420.0, as compared to the S&P/ASX 200’s last close at 6,471.20.Meanwhile, Australian stocks were also set to open lower.Stocks in Asia were set to trade lower on Wednesday following an overnight inversion of a closely watched U.S. Treasury yield curve to its worst level in more than a decade.The Nikkei futures contract in Chicago was at 20,445, while its counterpart in Osaka was at 20,410. Source: cnbc.com

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Crypto News 

UN Panel Says North Korea Obtained $670 Million in Crypto and Fiat via Hacking: Report

“North Korea has reportedly amassed $670 million in fiat and cryptocurrencies by conducting hacking attacks, Asia-focused financial newspaper Nikkei Asian Review reports on Friday, March 8” writes Ana Berman for cointelegraph.com. As Cointelegraph previously reported, in 2018 a study revealed that hacker group “Lazarus,” reportedly funded by North Korea, has stolen $571 million from cryptocurrency exchanges since early 2017. Source: cointelegraph.com

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US tech firms fear China could be spying through power cords

“The U.S. tech firms were worried that even mundane components such as power plugs could be tapped by Beijing to access sensitive data, according to the report” writes Yen Nee Lee for cnbc.com. Fearing that China could be spying on them using power cords and plugs, several U.S. technology companies have asked their Taiwanese suppliers to shift production of some components out of the mainland, Nikkei Asian Review reported on Friday.The report cited unnamed executives from two Taiwanese companies: Lite-On Technology, a manufacturer of electronic parts, and Quanta Computer, a…

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Japan’s Nikkei closes near flat levels amid hope for progress in trade talks

“Risk assets got a bit of a jolt higher earlier and we have since seen the aussie and kiwi extend gains as we move towards European trading” reports forexlive.com. But if you want to look at it from another angle, it could also mean that plenty of the optimism from trade talks this week are already baked into markets; so risk assets may just have to rely on something else if they want to pull off a sustained rally over the next few weeks. There’s a hint of caution in…

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Ghosn says Nissan executives used ‘plot and treason’ to halt Renault integration: Nikkei

“But Nissan executives employed “plot and treason” to uproot those plans, Ghosn said” writes Midwest Communications Inc for 95kqds.com. TOKYO (Reuters) – Carlos Ghosn said Nissan executives opposed to his plans for closer ties with automaking partner Renault SA resorted to “plot and treason” to disrupt them and were behind the financial misconduct allegations against him. Source: 95kqds.com

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