HK/China Stock Indices Weaken Further, More Positive Trends Elsewhere

For regional markets, Hong Kong and China weakness remains an on-going focus point. Elsewhere though we have seen more positive trends, particularly for Japan and Australian markets, which are likely following the positive lead from US/EU markets from Tuesday's session. For today's session, US futures have traded a tight range, Eminis last around 4586.

• At the break, the HSI is off by 1.23%. We are off session lows close to 18700 (last at 18782.40). The tech sub index is down by 1.72% at this stage, although like the headline index, is up from session lows.
• Some analysts have noted measures to boost household consumption yesterday are unlikely to meaningfully shift the macro needle, which is seeing China growth concerns persist. The properties sub index is also weaker by a little over 1%.
• In terms of mainland shares, the CSI 300 is down by 0.42% at the break. We are edging back closer to the 3800 level (last 3838.89).
• Japan stocks are higher, last ~0.70% firmer for both the Topix and Nikkei 225, while the ASX 200 is around 0.60% higher. Tech, energy and banking shares are among the strongest Australian equity performers.
• South Korean and Taiwan stocks are down modestly, while it is mixed in SEA. Note Indonesian markets are closed today.