Shanghai Composite into positive territory now
Asian stocks are seeing some recovery on the day with the Shanghai Composite paring losses and although the Hang Seng is trading near 2% down still, it is trading near the highs for the day at least. The same goes for the Nikkei which is now down 0.4% heading into the close.
The bounce here is also impacting risk appetite in the currencies space with the dollar and yen both backing off. The AUD is now the best performer on the day with AUD/USD trading near highs at 0.7358 currently.
US equity futures are also seeing a bounce off the lows, with the S&P 500 futures moving into positive territory on the day as well:
