Mixed In Asia; Tech Goes Offered

Major Asia-Pac equity indices are mixed at typing, with tech-related equities across the region broadly softer on a negative lead from Wall St. Elsewhere, limited debate re: economic slowdown worry did the rounds on a rally in major crude benchmarks.

• The Hang Seng Index trades 0.9% lower at writing, on track to snap a three-day streak of gains that had taken it to 12-week highs on Monday. Tencent Holdings (-4.7%) contributed the most to losses for a second day on prior news of a major shareholder announcing intent to reduce its stake, facilitating wider weakness in China-based tech, with the Hang Seng Tech Index sitting 1.7% worse off at typing.
• The CSI300 deals 0.1% weaker, halting its own three-day streak of gains. Outperformance in richly-valued consumer staple equities was neutralised by losses in real estate and tech-related equities, with the CSI300 Real Estate Index and the ChiNext Index sitting 1.7% and 1.1% worse off respectively.
• The ASX200 trades 0.6% firmer at typing, operating a little below two-week highs made earlier in the session. Major miners contributed the most to gains in the index, with a rally in major commodity benchmarks (BCOM: +0.4%) facilitating outperformance in the materials and energy sub-indices. On the other hand, tech names provided the most drag, with the S&P/ASX All Technology Index sitting 1.3% worse off at typing.
• U.S. e-mini equity index futures deal 0.1% to 0.2% weaker off at typing, reversing an initial, limited bid near the open.