Little Changed On Thursday

The major Asia-Pac equity indices trade either side of unchanged, although they all sit within 1% of Wednesday's closing levels. China's CSI 300 was the outperformer as mainland property developers benefitted from reports that pointed to Evergrande making a previously missed round of bond coupon payments late on Wednesday, before the grace period re: the payments elapsed. The sector gained a further round of tailwinds from a WSJ report which suggested that "Chinese regulators, wary of financial risks spreading as a result of their crackdown on property lending, are considering easing the rules to let struggling developers sell off assets to avoid defaults and hits to the broader economy." U.S. e-mini futures flatlined, with Tesla CEO Musk once again stealing the headlines as he revealed that he has shed ~$5bn worth of his holdings in the company (~$1bn of which covered tax obligations re: options under a pre-announced plan, with the remaining amount seemingly coming on the back of the well-discussed weekend Twitter poll that he ran on the matter).