Most Regional Markets Higher, But HK & China Diverge

Most regional markets are tracking higher, led by the HSI and China Enterprise index, although mainland shares are struggling. US futures are firmer, while SEA markets in terms of the Thailand and Philippines bourses have benefited from downside inflation outcomes today.

• The HSI opened flat but quickly rose to +1%, with gains fairly broad based. On the sidelines of the NPC, the general manager of the Shanghai Stock Exchange reportedly called for better funding access from the market, particularly for SoEs. The HS China Enterprise Index is also up over 1%.
• Mainland shares are still struggling though, with the CSI 300 off by 0.2% at this stage.
• Elsewhere the Nikkei 225 is +0.30%, while the Kospi (+0.40%) and Taiex (+0.70%) are also in positive territory.
• The SET in Thailand is +0.90%, heading for its first gain since the 21st of Feb. Lower inflation aided sentiment. A similar dynamic was in play for Philippines stock, up by the same amount, although inflation rates remain much higher compared to Thailand.