Volatile

Markets are mixed in Asia. Chinese markets opened lower on concerns that Chinese companies they will be de-listed from US bourses after the SEC took initial steps to impose stricter regulation, while worries about a semiconductor shortage also engendered some caution. Mainland China did see indices moving into positive territory though, amid rumours that China's "national team" were again active in buying stocks. BOJ Governor Kuroda is putting wind in the sails of Japan stocks, saying the central bank will continue to buy ETFs as needed. In South Korea the KOSPI has eked out some gains after the National Pension Service's fund management committee announced it was to discuss increasing its target for local stock holdings.

• In Europe and the US have fluctuated between gains and losses. At the time of writing US futures are slightly higher, tech shares are the laggard after being hit hard yesterday in a rotation to cyclicals.