Little Spill Over From Japan Equity Surge Post BoJ

Outside of Japan equities, regional moves have been fairly modest. US futures currently sit close to flat, up from earlier lows, with eminis last near 4011 in index terms. Futures spiked post the BOJ decision, which left major policy parameters unchanged, but we are away from highs for the major indices.

• Post the lunch time break, Japan equities have surged as markets digest the BoJ outcome. The Nikkei 225 is up around 2.25% stage, as Japan bonds surge and the FX has fallen sharply. We still remain sub levels that prevailed prior to the last BoJ meeting (around 27250, versus 26725 current).
• Elsewhere, Hong Kong and China markets appear to be winding down ahead of next week's LNY break. The CSI 300 is down slightly at this stage, off 0.22%, while the HSI has trimmed 0.13% in the first part of the session.
• South Korean shares are seeing some underperformance, off 0.80%, amidst modest offshore outflows. Losses for Samsung have been a key driver of weakness.
• The ASX is close to flat, while SEA bourses - Malaysia and Indonesia are nursing modest losses.