Risk off flows hit the screens at the........>

STOCKS: Risk off flows hit the screens at the Tokyo re-open, and continued

through Asia-Pacific dealing. As mentioned previously, this is likely the result

of some residual spill over from the negative Wall St. & EU lead. While some are

pointing to volatility calibrations linked to the Chinese market swings as a

reason for the sell-off in risk.

- Elsewhere, some remain cautious re: the outlook for Chinese stocks.

- The Nikkei 225 fell by over 2.0% in the morning session, as the negative lead

from Wall St. & some trepidation ahead of the domestic earnings season set in.

Matters weren't helped by Lixil Group slashing its earnings estimate on the back

of the natural disasters that hit Japan during the most recent reporting period.

- The Hang Seng shed 1.5%, while the CSI 300 lost 1.1%.

- Australia's ASX trades 0.8% lower at writing, with the heavyweight energy,

materials and financial sectors all finding themselves near the bottom of the

pile.

- U.S. index futures also traded in a heavy manner.