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Defensives Shine Again Amid Broad Losses

EQUITIES
  • Asian markets closed lower: Japan's NIKKEI closed down 475.64 pts or -1.77% at 26336.66 and the TOPIX ended 31.36 pts lower or -1.64% at 1883.3. China's SHANGHAI closed down 32.117 pts or -0.97% at 3281.467 and the HANG SENG ended 279.46 pts lower or -1.32% at 20844.74.
  • European equities are softer, with defensives (eg Utilities, Consumer Staples) alone in the green the German Dax down 87.42 pts or -0.68% at 12790.44, FTSE 100 down 7.67 pts or -0.11% at 7177.74, CAC 40 down 10.72 pts or -0.18% at 5974.07 and Euro Stoxx 50 down 20.28 pts or -0.58% at 3458.99.
  • U.S. futures are lower, with the Dow Jones mini down 165 pts or -0.53% at 30974, S&P 500 mini down 20.75 pts or -0.54% at 3835.75, NASDAQ mini down 57.75 pts or -0.49% at 11824.75.

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