Asia Mixed After Negative Lead From Wall St.

Asia-Pac equity indices traded in mixed fashion, initially struggling in the wake of the negative lead from Wall St. on the back of strong U.S. data and a move higher in Fed terminal rate pricing.

• However, some differentiation then crept in, with a round of weakness for the JPY supporting the Nikkei 225, which sits 0.4% higher into the bell.
• Meanwhile, the paring back of COVID test requirements to enter some public venues in the Chinese capital city of Beijing allowed Chinese equities to bounce from worst levels, leaving the CSI 300 sitting marginally higher on the day at typing.
• The Hang Seng was the weakest major regional index, last -1.0%.
• E-minis firmed at the margin, with the aforementioned COVID testing news in Beijing providing some cushion after yesterday’s weakness.