Tokyo's main index recovers but still has a rough day
It's been a bit of a topsy turvy session for Asian equities in general. The mood was sour as the morning began following the tech selloff in Wall St overnight. The Nikkei was down by more than 3% at one point earlier in the day and Chinese stocks were also badly hit.
The Hang Seng index was down by about 2% earlier in the day but tech stocks recovered - Tencent in particular - helping to lift the drag as we head into the closing stages. Chinese stocks are now trading at session highs with the Hang Seng index up 0.35% while the Shanghai Composite is up by 1.13%.
However, the turnaround in sentiment is failing to lift Japanese stocks all too much as they still close the day much lower. E-minis are trading more stable, up by 0.4% and that is helping to underpin yen pairs as we begin the trading day:
