Major Indices Mostly Higher (ex Japan)

Asia Pac equities haven't seen the same uniformly positive tone that was evident earlier in the week, but there are pockets of strength today. US equity futures are down, which has likely taken some of the gloss off end of week proceedings. We are away from worst levels but still sit comfortably in the red (eminis -0.25% to 3993/94, while Nasdaq futures are down around -0.36%).

• China shares are tracking higher. The CSI 300 +0.80% at this stage. The FT reported the authorities are moving to take 'golden shares' in certain tech companies (stake of 1%) to maintain sufficient oversight.
• Didi apps could also be allowed to return to app stores as soon as next week, in a further sign of reduced regulatory crackdown for the sector.
• The HSI is also higher, but a more modest +0.2% at this stage.
• Japan stocks are lower, with the Nikkei 225 off over 1%, while the Kospi (+0.90%) and Taiex (+0.75%) have maintained gains, but are down from early session highs.
• The ASX200 continues to rally, +0.66%, with firmer commodity prices continuing to support.