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Flat To Lower In Asia


The major regional equity benchmarks traded little changed to lower during Wednesday's Asia-Pac session.

  • Chinese & Hong Kong equities have led the way lower, with Sino-U.S. tensions surrounding China Telecom not doing Chinese equities any favours. On the flow front, Hong Kong-China Stock northbound connect flows sit in negative net territory, but the scale of the net selling isn't sizeable.
  • Evergrande woes also weighed on broader sentiment, after state-owned media outlets noted that policymakers have suggested that the Evergrande's Chairman should use his personal wealth to alleviate some of the company's debt burden, reducing the odds of an overt state-backed bailout.
  • U.S. e-minis operate around unchanged levels, with the space digesting after hours earnings, which were headlined by tech giants Alphabet & Microsoft.
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