Another mixed session for Asian equities as stocks search for direction
Most Asian equities are a tad higher, picking up from sentiment in Wall St overnight after US stocks gained on strong earnings yesterday. However, news that US is investigating Huawei on a possible criminal probe is tempering with sentiment a little as it did when the headlines hit overnight.
Chinese stocks are more or less flat on the day with the Hang Seng and Shanghai Composite up by just 0.1% now. Most other indices in the region are still holding onto gains for the most part but don't let that fool you as risk continues to find its footing on the day.
The performance in the Nikkei very much mirrors US equity futures, which are down by 0.3% currently. Treasury yields are also a tad lower and that is why the yen has gained some ground in trading so far today. USD/JPY now sits just under the 109 handle at 108.96 at the moment.
