Hong Kong & China Equities Markets Slightly Higher Led By Tech Names

Hong Kong & China equity markets are opening slightly higher, after surging higher on Wednesday, although they did see selling occurring during the afternoon session to close off their highs. Nvidia's earnings were released after the US close earlier beating estimates and pushing Nasdaq futures 1.40% higher. While Institutional Investors are no longer able to sell shares on the open or close in China

There has been little in the way of market drivers or headlines in Asia to start the day.

• Hong Kong Equities are see sawing in early trading, HSI is currently 0.27% higher, HSTech up 0.30% while Mainland property is down 0.25%
• China mainland equities are outperforming, this could be due to the ban on selling shares for the first 30 minutes of trading though. Currently the CSI300 is up 0.40%, while the Shanghai Composite is 0.60% higher
• It was reported yesterday that China has banned major institutional investors from reducing equity holdings at the open and close of each trading day, while this is seen to be positive in the term it could deter institutional investors in the longer term.
• Elsewhere, it has been reported that China will continue to roll out a series of regulations on Quant funds one by one aimed the reducing the amount of illegal quantitative transactions on the market
• Looking ahead Hong Kong has CPI Composite data out at 4.30pm Local time