Asian summary

Asian stocks dipped lower during the Asian session, with Hong Kong and Chinese stocks falling in tandem with US equities,

• Investors and market participant are less optimistic regarding the US Fed and possible action going forward, US stimulus is also looking to be at a standstill, while EU lockdowns and the rise of Covid cases weighs on risk.
• The Hang Seng saw momentum selling to push the index down 1.9% as we start the European session.
• Kospi has fallen 2.40% and one of the worst performer in Asia.
• Japan's benchmark Nikkei is now down 1.08% at the time of typing.
• Looking ahead, we have another busy session with US Jobless the notable data release.
• And once again, plenty of CB speakers, including Fed Powell/Kaplan/Bullard/Evans/Barkin/Evans, BoE Bailey and ECB Lane.
• Biggest faller:
• Kospi down 2.5% at 2,274.75
• Hang Seng is down 2.04% at 23,253.0
• Nikkei is down 1.08% at 23,095.0