Japan Markets Firm Post Dovish BoJ Hold, HK Markets Weighed By Property

Regional equities are mixed in Asia Pac markets for Tuesday trade. Japan markets have risen post the dovish BoJ hold. Hong Kong and China markets have struggled somewhat amid further property related concerns. US futures have been range bound, Eminis last close to 4793, nearly flat for the session. Nasdaq futures sit down a touch.

• Japan shares opened up after the lunch time break on a positive footing, albeit losing ground from best levels. The Nikkei 225 was last around +1%, while the Topix was around 0.40% higher.
• The BoJ left all major policy parameters unchanged, while it also didn't hint an imminent policy shift in early 2024. The announcement weakened the yen, aiding the share backdrop, although bank stocks have underperformed.
• At the break in HK, the HSI sits down 0.61%. Country Garden services fell sharply as it set aside funds for an impairment provision. Stocks in the company hit an all time low. This comes after yesterday's announcement from China South City Holdings that it wouldn't be able to pay interest due tomorrow.
• On the mainland, the CSI 300 and Shanghai Composite are close to flat at the break.
• Elsewhere, the Taiex is down -0.85%, while the Kospi is near flat. The ASX 200 is up 0.80%, aided by higher commodity prices.
• In SEA, most markets are higher, but gains are limited (sub 0.50%) at this stage.