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Sentiment Turns Sour After Weaker Than Expected Caixin Services PMI

EQUITIES

Regional equities unwound early gains after weaker than expected Caixin Services PMI weighed on risk sentiment.

  • In China the CSI300 is down ~0.6% and the Shanghai Composite is down ~0.5%. Hong Kong's Hang Seng is ~1.4% lower
  • Elsewhere in Asia; Nikkei is down ~0.3% in Japan. South Korea's KOSPI is ~0.2% softer. The ASX200 is down ~0.4%.
  • US Equity futures are a touch lower, however moves have been limited thus far.

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