UK Fiscal Matters Still Resonate As Tory Support Crumbles In Polls

Below gives key levels of markets in the second half of the Asia-Pac session:

• Nikkei 225 down 520.53 points at 25901.52
• ASX 200 down 69.468 points at 6485.5
• Shanghai Comp. down 8.099 points at 3033.08
• JGB 10-Yr future up 17 ticks at 148.27, yield down 0.4bp at 0.251%
• Aussie 10-Yr future unch. at 96.030, yield up 0.6bp at 3.941%
• U.S. 10-Yr future -0-06+ at 112-08, yield down 1.14bp at 3.7742%
• WTI crude down $0.27 at $80.93, Gold up $4.28 at $1664.94
• USD/JPY up 8 pips at Y144.52
• FED MUST TRY TO AVOID A ‘HARSH RECESSION,’ DALY SAYS (MARKETWATCH)
• BOE’S PILL FLAGS UK-SPEIFIC COMPONENT OF MARKET TURMOIL (SKY)
• LIZ TRUSS TO HOLD EMERGENCY TALKS WITH OBR AFTER FAILING TO CALM MARKETS (GUARDIAN)
• LABOUR SURGE TO HIGHEST-EVER LEAD OVER TORIES IN FOUR RECORD-BREAKING POLLS (MIRROR)
• LANE SAYS ECB WILL TAKE ‘SEVERAL’ MEETINGS TO NORMALIZE POLICY (BBG)
• PMIS REITERATE HEADWINDS FOR CHINESE ECONOMY
• CHINA LOOSENED FX RESTRICTIONS IN RESPONSE TO FED RATE RISE (FT)