Painting behind Multiply Layer and Text layer bug!

[Pixel32710229dmfu]

As you can see in this video if I leave the multiply and text layer on I am getting white bloack appearing. Turning off one or the other and it will work fine. Any ideas?

[c.pfaffenbichler]

Does turning off »Use Graphics Processor« in the Performance Preferences (Photoshop > Preferences > Performance > Graphic Processor Settings) and restarting Photoshop have any bearing on the issue? 
Does turning on »Deactivate Native Canvas« (Photoshop > Preferences > Technology Previews) and restarting Photoshop have any bearing on the issue?