Mixed Trends, Japan Markets Continue To Correct Lower

Asia Pac equity trends are mixed. Japan stocks continued to weaken, but sentiment was somewhat more positive elsewhere. US equity futures have spent much of the day in the green, last around +0.30/+0.35%.

• The Nikkei 225 is off a further 0.65%, which comes after yesterday's 2.46% drop in the aftermath of the BoJ YCC shift. The index has now weakened for the past 5 sessions. Dips below 26000 have been supported in the Index since April of this year (last levels 26392).
• The HSI is a touch higher, last around +0.10%, while onshore China shares are mixed. The Shanghai property sub-index is down a touch further after yesterday's 2.86% fall. The CSI aggregate index is a touch higher though.
• The ASX 200 is +1.20% higher, led by resource names. A firmer commodity price backdrop has helped, particularly firmer base metal and gold prices over the past 24 hours.
• The Kospi is down slightly (-0.15%), but the Taiex is up 0.30% at this stage. Philippine equities are +0.84%, continuing to recover from the sharp pull back at the start of the week.