Japanese stocks fall as risk sours towards the latter stages of Asian trading
The Nikkei is closing at the lows for the day and this represents the weakest close in the index since November 2016. On the year, the Nikkei is down by 29% so far.
The Hang Seng is also down by 2.0% currently, with the Shanghai Composite down by 0.6% as risk sentiment sours after seeing US futures hit limit-down earlier.
USD/JPY is also trading at the lows now at 107.00, also helped by the fact that we are seeing the dollar retrace overnight gains as funding pressures ease to start the day.
