Mostly Positive Trends Ahead Of The US CPI Print

Regional equities, outside of China, are mostly positive, taking their cue from Monday gains on Wall Street. US futures are in the red today, but only modestly, with eminis down -0.1%, Nasdaq -0.15% at this stage. A risk on tone has been more evident in the past 24 hours in the equity space, which comes ahead of the US CPI print later.

• China bourses are lower or flat, but haven't shown a strong trend in either direction. These moves have likely weighed on the HSI to a degree, which is also struggling to stay in positive territory.
• Elsewhere, sentiment has been more positive. Tech sensitive lays like South Korea (+0.56% for the Kospi) and Taiwan (+0.69%) are up, which follows a recovery in tech sentiment through Monday trade in US markets.
• Japan shares are higher as well, the Nikkei 225, +0.67% at the moment. As expected, Kazuo Ueda, was nominated as the new BoJ Governor.
• In SEA it is a little more mixed, with Philippines and Thai shares lower, but mostly higher elsewhere. The ASX 200 has climbed nearly 0.20%, while Indian shares are +0.40/+0.50% higher in the first part of trade.