Regional Asian Equities Rebound To Trade Mostly Higher

Regional Asian Equities have recovered from the lows of earlier to trade mixed to slightly higher. There hasn't been much in the way of market drivers or headlines so far today with markets largely following the moves from the US on Wednesday, tech stocks are the worst performers after US giants Nvidia and Apple traded lower overnight.

• Japan equities are now flat to slightly higher today, after previously being down about 0.50%. Tech stocks are the worst performers, with the Nikkei under-performing. Aozora Bank, who have been caught up with recent weakness from the US Commercial property space, surged higher today after Activist Investor Yoshiaki Murakami added positions in the company. Foreign investors sold ¥206b of Japanese stocks the first outflow for the year on Wednesday, while BoJ's Takata was out earlier with a hawkish tone, noting the price target is finally coming into sight, despite the economic uncertainty. Currently the Topix is up 0.10% while the Nikkei 225 is 0.10% lower.
• South Korean equities are lower today, after out-preforming the wider market on Wednesday on news that Zuckerberg had meet with the heads of LG and Samsung and discussed AI technology spurred the markets higher and helped attract foreign equity inflows with $473m coming in on Wednesday. Currently the Kospi is down 0.35%.
• Taiwan Equities were closed yesterday
• Australian equities are higher today, as markets pushed higher post Retail Sale missed estimate earlier today, markets now see higher chances of rate cuts earlier. The ASX200 closed up 0.50%.
• Elsewhere in SEA, NZ equities are lower today, down 0.20%, Indonesian equities saw positive foreign inflows on Wednesday, equities trading mostly unchanged today, while Singapore & Malaysia equities are a touch higher today up 0.20%