Asia-Pac equity markets failed to build....>

EQUITIES: Asia-Pac equity markets failed to build on yesterday's rally, with

caution surrounding the events on the Korean peninsula, China's COVID-19 worries

and Sino-Indian tensions providing several instances of localized worry.

- Chinese state media pointed to the potential for looser, liquidity

facilitating measures from the PBoC in the coming weeks/months, but that did

little in the way of providing meaningful support for broader risk appetite.

- That leaves the major regional equity markets little changed to a touch lower

in the main, with e-minis also edging lower. The S&P 500 contract slipped back

below 3,100 briefly, before edging away from worst levels.

- Nikkei 225 -0.9%, Hang Seng unch., CSI 300 -0.2%, ASX 200 +0.2%.

- S&P 500 futures -10, DJIA futures -148, NASDAQ 100 futures -14.