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Sentiment Switches To Negative


A negative day for equities in the Asia-Pac region, indices paring yesterday's gains after a negative lead from the US. Markets in mainland China are lower the to the tune of ~1%, it seems that pressure on some of the recent "usual suspects" across China & Hong Kong i.e. China Evergrande, Alibaba, Meituan and Tencent, is adding to the downward impetus for risk appetite. Markets in Japan are lower, there were reports that Japan will extend state of emergency declarations to Osaka, Saitama, Chiba and Kanagawa today. US futures are lower with the NASDAQ 100 e-mini contract leading the way lower, currently down around 1.2%. The decline comes on the back of Amazon's quarterly earnings report where revenue slipped and forecasts disappointed.

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