Hang Seng extends losses, down by over 5% now

Hong Kong stocks being battered heavily on the day

HSI

This is continuing to keep the risk mood on the defensive as we see US futures also down by 0.7% currently. Elsewhere in Asia, the Nikkei is down by 0.9% while the Shanghai Composite is down by 1.6% at the moment.

In the major currencies space, the dollar and yen are continuing to keep firmer with safety flows slowly trickling in further in the past hour. AUD/USD is now down by 0.5% to 0.6530 with EUR/USD also slipping to session lows near 1.0920 currently.

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