Tech Sensitive Indices Lower, But Away From Worst Levels

Regional equities have been mixed today. The early tone was weaker, particularly for tech sensitive indices, but we are generally away from lows for the session. Further China stimulus headlines haven't boosted China equity sentiment a great deal. In the US futures space, we are tracking modestly higher at this stage. Eminis last near 4571, +0.11% firmer for the session. Early lows ahead of 4560 were supported. Nasdaq futures are up by a similar amount.

• The Topix sits close to flat, recouping earlier losses led by the tech sector. The Nikkei 225 is still down around 0.40% at this stage.
• Taiwan shares are down nearly 1%, which is away from session lows, but still the worst performer in the region. TSMC downgraded its revenue outlook and delayed the start of its US investment in Arizona. The SOX was also off more than 3.3% in Thursday US trade.
• South Korea's Kospi opened weaker but now sits +0.15% higher.
• Hong Kong shares have mostly traded with a positive bias, the HSI up 0.72% at the break. More China stimulus related headlines have crossed today in relation to electronics and automobiles. The HSTECH sub index is +1.09% higher, tracking higher for the first time in 5 sessions. China mainland shares have shown less positive impetus. At the break, the CSI 300 is +0.10% higher.
• Indian stocks are tracking ~0.55% weaker in early dealings, with negative tech related sentiment weighing on the broader index.