Lower US Futures Weigh, While China Support For The Private Sector Doesn't Lift Sentiment

Asia Pac equities are mixed, with weaker US futures weighing on some markets. Netflix leads US Equities lower in post market trade after sales missed Wall St estimates. Eminis are down 0.14% to ~4591, while Nasdaq futures are off 0.45%, which is away from session lows. A sharp rebound in CNH, coupled with reports the authorities are considering easing mortgage rules to boost demand, hasn't aided HK or China mainland equities a great deal.

• The HSI is up 0.26% at the break, which is down from earlier session highs.
• The authorities stated yesterday they would support the private sector and protect businesses. Then Bloomberg headlines crossed today, stating the authorities were considering easing mortgage rules to spur housing demand in big cities. Some weakness in tech shares (off around 0.30%) has weighed amid profit concerns.
• Mainland shares have also struggled for positive traction, despite the above positives. At the break, the CSI 300 is off by 0.10%, the Shanghai Composite -0.33%.
• Japan's Nikkei 225 is off by around 0.95% at this stage, while the Topix is down by ~0.60%. A firmer yen backdrop, coupled with lower US futures has weighed.
• The Kospi is weaker in South Korea, off ~0.20%, but the Taiex is firmer, +0.35%, bucking the weaker SOX trend from US trade on Wednesday.
• In SEA, Indonesian markets have returned, with the JCI up 0.50%, while Philippine stocks have risen 1%. Thai stocks are weaker, down -0.25% as political uncertainty continues.