Tesla Steals The Limelight, Again

The major regional equity indices traded little changed to marginally softer during the first Asia-Pac session of the week. Participants looked for leaks surrounding the latest Chinese policymaker gathering in Beijing, although they were not forthcoming. Elsewhere, a net liquidity injection via PBoC OMOs (the first since the turn of the month), did little to boost broader risk appetite. Meanwhile, U.S. e-mini futures edged lower, with the NASDAQ 100 contract leading the way after Tesla CEO Musk ran a Twitter poll over the weekend, effectively asking if he should shed 10% of his equity holding in the company. The poll answered in the affirmative, after he noted that he "will abide by the results of this poll, whichever way it goes." Musk used the recent tax debate as his reasoning for launching the poll and it remains unclear if/when he will shed any of his holdings.