Lose Ground

A negative day for equity markets in the Asia-Pac region. Tech heavy indices such as the Hang Seng and KOSPI are bearing the brunt of the selling after the Nasdaq struggled to make the same gains as its peers yesterday, while markets in South Korea are also pressured by record coronavirus cases. In mainland China indices are lower, Didi Global are still in the headlines after falling for a third consecutive day yesterday. Regulators are said to be considering rule changes that would allow them to block a Chinese company from listing overseas even if the unit to which the shares belong is incorporated. Markets in Japan are negative, but losses are subdued compared to peers, markets resilient despite a potential state of emergency for Tokyo looming. Futures in the US are lower, retracing gains made in the second half of the session yesterday.