All it takes is a little rustle and fear may start to rear its ugly head again
The Nikkei 225 may be up by 0.62% on the day as we head into the close, but at one point it was higher by 3.43% compared to yesterday's close.
While we're still on course for a bounce, the latest dip from the highs today shows how sentiment is still very shaky in the market right now. S&P 500 futures dipped to lows in the past hour, and the move is reverberating to Asia as well.
The drop in the Nikkei sees USD/JPY fall as well to lows of 109.15 before bouncing a little now to 109.21.
A good indicator of how sentiment is yet to fully recover is to take a look at Chinese markets. The leader of global growth sees both major stock indices lower on the day with the Shanghai Composite down 0.86% and the CSI 300 index down 1.12%.
So, while equities may have turned the corner, it's not quite in the clear just yet.
