Asian stocks are not enjoying a good outing today, with the Nikkei down over 2% in falling back below the 47,000 mark. Meanwhile, Chinese indices have also fallen back to eat into the opening gap higher and are now down on the day. The CSI 300 is down 0.6% with the Shanghai Composite down 0.3% after the lunch break.
This comes as we start to see US futures also dip lower, with S&P 500 futures now down by 0.4% on the day. And in the major currencies space, the Japanese yen is seen up across the board with the dollar holding slightly lower at the balance. USD/JPY is down 0.2% to 151.90 while commodity currencies are weighed down with AUD/USD lower by 0.6% to 0.6475 currently.
US-China trade tensions remain the key driver at the moment. And after the long weekend in the US yesterday, we're now returning to see some of the hopeful optimism get dashed. If anything, it's a sign that there is still much caution up in the air.
