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Overview: The confrontation in Hong Kong and the fallout from the Argentine primary over the weekend join concerns about the conflict between the two largest economies and slower growth to force the animal spirits into hibernation. Global equities remain under pressure. Japan's Topix joined several other markets in the region to have given up its year-to-date gain. The MSCI Emerging Markets equity index is not far from doing the same. European shares are faring better, and with today's roughly 0.6% loss, the Dow Jones Stoxx 600 is up almost 9.2% this year.