Mixed Trends, Better China Property Sentiment Doesn't Aid Aggregate Indices

Regional Asia Pac equities are mixed. There has been focus on China property related stocks, given announcements over the past 24 hours, but this hasn't done much for aggregate indices in China or Hong Kong into the break. US equity futures sit close to flat for both Eminis and the Nasdaq. Proximity to the Thanksgiving holiday coming up in the US may be keeping liquidity and interest lighter. Note Japan markets are also closed today.

• At the break, the CSI 300 real estate sub index sits +2.91% firmer, not too far off session highs. Late yesterday the authorities released a draft of property developers to be included in terms of funding support, with troubled names such as Country Garden included in the list, while Shenzhen has also eased second home buying rules (BBG).
• Still, the CSI aggregate index sits around flat at the break. More concerns in the shadow banking sector may be presenting a headwind (see this BBG link). The HSI is off 0.37% at the break, although the mainland properties index is outperforming at +4.26% higher.
• Elsewhere, South Korea (Kospi -0.10%) and Taiwan markets (Taiex -0.30%) are down modestly.
• For the ASX 200, we are off 0.61% at this stage, with miners underperforming. A sharp pull back has been evident in iron ore prices, as China's NDRC stated it would increase supervision in the sector.
• In SEA, trends are mixed. Indonesia stocks are outperforming, up +1.3%. Thailand's SET is underperforming, down -0.60%.