Regional Equity Sentiment Mixed

Regional equities are mixed today. In line with an indifferent lead from US/EU markets through Monday's session and local drivers haven't been strong today. US futures are modestly in the red at this stage, while EU futures are positive, although only by ~0.35%. The APAC large/mid-cap index is close to flat for the session, which arguably best sums up sentiment.

• The HSI is off by 0.64% at this stage, with tech off by 1.61%. We are away from session lows for both indices, although headwinds were evident from Monday's NY session with the Golden Dragon index weaker. Major tech related indices also underperformed.
• The CSI 300 is close to flat in mainland China, while the Shanghai Composite is faring a bit better (+0.25%).
• Japan stocks are modestly positive, Topix +0.1%, while the Kospi is higher at +0.50%, although offshore investors continue to sell local shares (-$231.2mn).
• The ASX 200 is marginally firmer after the RBA left rates on hold and watered down the prospect of further hikes.
• Most SEA bourses are lower today, but losses are under 0.50%.