Strong Gains For Most Asia Pac Indices On Positive Wall St Spillover/China Optimism

Asia Pac equities are virtually a sea of green in Thursday trade. At this stage only Indonesian markets are tracking lower within the region. The HSI is the strongest performer, while US futures have seen positive gains so far. Eminis were last near 4518, +0.24% for the session, building on positive momentum from Wednesday's US session. Nasdaq futures are outperforming, +0.40%, showing greater sensitivity to lower US yield moves.

• Outside of positive global equity sentiment post the US CPI miss, HK and China shares have also been buoyed by the focus of the authorities on stimulating the private sector. This follows meetings between senior China tech officials and China's Premier. President Xi Jinping has also stated the country should open up to more foreign investment earlier in the week.
• At the break, the HSI is up 2.49%, with the tech sub-index +3.43%. The China Enterprise index is +2.48% higher, while the CSI 300 is +1.12% higher at the break.
• Tech sensitive plays are doing better elsewhere as well, the Taiex +1.40%, the Kospi slightly weaker at +0.80%, but the Kosdaq is +1.50%. Japan shares are also up +1.5% for Nikkei 225.
• In SEA trends are slightly more mixed. Singapore stocks are +1.60%, but flat in Malaysia. Thailand shares are a touch higher, as the market focuses on the parliament PM vote. Indonesian shares are down a touch.