HK Equities & China Related Bourses Higher On Further Stimulus Talk

Regional markets are mostly tracking higher, with focus again on China stimulus measures. Hong Kong markets lead the region higher. Taiwan markets have faltered, while US futures are in the red, which has likely curbed regional enthusiasm to some degree. Eminis were last just under 4600, earlier highs were at 4618, as markets tried to build on Friday's late rally in NY. Nasdaq futures are down around 0.30%, underperforming Eminis slightly.

• The HSI sits up nearly 1.5% at the break. Note we had a surge of nearly 7% in the Golden Dragon Index in Friday US trade. This followed earlier reports of the authorities reportedly asking large tech companies to provide case studies of their most successful start ups. Note the HS TECH index is up +3.24% to the break. The China Enterprise Index is +2.29% higher.
• The CSI 300 is +0.83%, with the real estate sub index up 1.29%, building on Friday's +4.38% gain. Onshore analysts stated that the authorities may ease property restrictions in large cities in the aftermath of the recent Politburo meeting. Further consumption support measures will also be announced at 3pm local time today.
• Elsewhere, Japan stocks are around 1% higher, while the Kospi is +0.80% higher. The Kosdaq is +2%. The Taiex is underperforming though in Taiwan down -0.85% at this stage. Australian stocks are also down, off around 0.30% at this stage, reversing earlier gains.
• In SEA markets are mostly higher, with Thai stocks firmer (+0.85%), playing catch up after onshore markets were closed on Friday.