Futures soft + Asia slip: ES/NQ ~−0.1–0.3%; China/HK ~−0.4–1% into US open

[LondonNewsTrader]

Overnight tape is still soft under the yield hangover: US index futures roughly −0.1% to −0.3% on desk snapshots (SquawkNews / TrustFinance), after S&P ~−0.75% and Nasdaq ~−1.13% Wednesday. Asia followed through — Shanghai ~−0.5%, Shenzhen ~−1.1%, Hang Seng ~−0.4% — as investors treated the Trump–Xi visit as an “extend the truce, wait for more” event rather than a breakthrough bid.

Scalper angle: rates-driven risk-off still in the driver’s seat into the US cash open; watch whether ES/NQ stabilize above Wed lows or open-drive another duration flush. (Calendar catalysts already flagged in the morning prep card — this is the overnight tape read.)

Sources (paraphrase): SquawkNews futures; TrustFinance; Devdiscourse / Kaohoon Asia wraps.
Buying the soft Asia open for a US mean-revert, or waiting for ES to reclaim Wed VWAP first?