​Positive China News Can't Offset Negative Global Leads

Regional equities are mostly lower, in line with weakness in major US/EU bourses through Thursday's session. Sentiment has been volatile though, particularly for HK indices. US futures tried to push higher mid-way through the session, but this move faltered, and we are now back slightly lower on opening levels.

• The HSI is close to flat at this stage, having had a 2.5% range for the session. Supports in the form of comments late yesterday from China Vice Premier Liu He that the authorities are considering new measures to boost financial conditions and confidence in the housing market have aided property shares, although we are off earlier session highs (+2.36% from earlier highs of +3.6%).
• US delisting risks for tech related names also appear to have subsided in the near term, although this was arguably already priced by the market. The HS China Enterprise Index is firmer, +0.30%, but was up as much as 1.7% earlier.
• Mainland shares are modestly lower, the CSI 300 down by 0.33% at this stage.
• Tech sensitive bourses have fallen, following the lead from major global indices. The Nikkei 225 is down by 1.9%, the Taiex -1.60%. The Kospi is down by 0.50%, although up from earlier session lows. The ASX 200 is down 0.80%.