Japan Stocks Higher Post BoJ, Weaker China PMIs Hurt Sentiment Elsewhere

Regional equities are mostly down in Tuesday trade to date. Japan shares have been volatile around the BoJ decision but are in positive territory as the dust has settled on the central bank's dovish YCC tweak. The Topix was last ~1.0% higher. Weakness is evident elsewhere in NEA as China PMIs disappointed. US futures are weaker, although away from session lows. Eminis last near 4173, off ~0.30%, Nasdaq futures are down -0.50%.

• Headlines crossed from the WSJ that US tech curbs on China may see tech bellwether Nvidia cancel $5bn worth of orders (see this link). This has likely weighed on US tech sentiment and tech sensitive plays in NEA.
• Japan markets have been volatile, but are ultimately tracking higher at this stage. The BoJ dovish hold has weighed on yen (lats 150.00) which will boost exporters, but bank stocks are unwinding earlier gains, given only modest YCC tweaks and no end in sight to easier policy settings.
• The official China PMI prints for October were much weaker than expected, casting doubts on the recovery. At the break the CSI 300 is down 0.66%, while the HSI is off by 1.77%.
• In SEA, the Thailand SET is the worst performer, down around 1% at this stage. Indonesia's JCI is off by 0.70%. Australia's market is just a touch higher (0.1%).