Major Indices Mostly Lower In Asia

The MSCI Asia-Pacific Index is on track to record a fifth consecutive day of losses, with the negative lead from Wall St., worry re: the impending U.S. CPI print and continued woes for Chinese tech names, stemming from Sino-U.S. tensions, applying pressure to the space during Thursday dealing.

• The Hang Seng leads the way lower, last dealing 1.0% softer on the day.
• The latest, albeit well telegraphed, property developer debt default out of China got plenty of airtime.
• The ASX 200 has bucked the regional trend, adding a mere 0.1%, with guidance from Qantas supporting names linked to tourism, while financials benefited from Bank of Queensland’s earnings report. Still, a heavy day for real estate-linked names limited gains.
• The 3 major U.S. e-mini contracts are essentially unchanged on the day.