Asia Pac equities are mostly higher, China mainland stocks are underperforming though. US futures have drifted lower as the session has progressed, with Nasdaq futures near -0.25% at the time of writing.

• Bloomberg reported protests at the Foxconn plant in China, due to Covid related conditions. The plant is a large producer of Apple iphones. This has weighed on tech related sentiment in the region and US futures.
• China mainland stocks are lower, the CSI off 0.36%, while the Shanghai Composite is down by 0.20%. Covid developments today have centred on increased PCR testing requirements in major cities. This comes after the health authorities stated late yesterday the country should adhere to the CZS amid a severe outbreak.
• Reuters reported that property company Vanke will receive a 100bn yuan credit line from the Bank of Communications. The Shanghai Property Sub-index is up 0.25% so far today.
• The HSI is in positive territory but is away from best levels, last around +0.4%. The tech sub-index is +1.26%, amid better earnings results. The Kospi and Taiex are also higher, both indices up by a little over 0.5%. Japan markets are shut today.
• The ASX 200 is +0.60%, but NZ shares are down 0.85%, after the RBNZ delivered a hawkish 75bps rate hike and forecast a mild recession next year.