China & Hong Kong Markets Tracking Lower For 4th Straight Month

Regional equities are mixed in Asia Pac markets as we approach month end. China and Hong Kong markets are a touch higher, despite weaker official PMI data in China. Trends are mixed elsewhere, with markets not showing a strong directional bias. US futures are higher, but only modestly. Eminis last near 4565, +0.12%, while Nasdaq futures are +0.18%, near 16052.5.

• US yields are a touch higher, but remain close to recent lows. The recent pull back in core yields hasn't done much to aid broader equity sentiment.
• The early impetus in HK stocks was to the downside, however the HSI is +0.18% higher at the break. The tech sub index is -0.55%, but above session lows. Note the HSI is tracking down 0.51% for the month, which would be the 4th straight run of monthly losses.
• The CSI 300 is up 0.24% at the break. The official PMIs disappointed in Nov, with manufacturing moving further into contractionary territory, while services just stayed above the 50.0 expansion point. Like the HSI, the CSI 300 is tracking lower for the 4th straight month.
• Elsewhere, Japan, South Korea and Taiwan stocks are all close to flat.
• The ASX 200 is up 0.55%, aided by financial moves.
• In SEA, most markets are weaker. Indonesia stocks are outperforming, up 0.60% at this stage.