Japanese stocks went into the lunch break....>

STOCKS: Japanese stocks went into the lunch break lower, the Nikkei 225 down

21.96 points at 19,430.65. The index initially opened higher and hit session

highs of 19,535.50 early on before quickly plunging to session lows of

19,420.50. USD/JPY has dropped from opening levels today, last down 22 pips at

109.14, the stronger yen is weighing on the index today. The drop in USD/move to

safety of the yen comes as the debt ceiling concerns in the US drag on, and

after North Korea conducted more missile tests over the weekend.

- Indices in Asia are also being weighed on by Tropical Storm Harvey in the US

and is expected to have an impact on oil refineries. US equity futures have

dropped in early trade in Asia which has dragged Asia-Pac indices lower.

- On the Nikkei 225 7/11 sectors are in the red led lower by energy and

financials, yields are lower across the board in Japan.

- Other Asia-Pac indices are mixed, China and Hong Kong are in the green; the

Hang Seng breaking 28,000 for the first time since 2015. Australia is in the

red, dragged lower by metals and financials after details of the CBA governance

investigation.